Infosys-investee firm Cloudyn acquired by Microsoft

BENGALURU: Microsoft has agreed to buy Israeli cloud computing firm Cloudyn, giving Infosys one of the first exits from it corporate venture capital fund.

Last August, Infosys picked up a minority stake in Cloudyn for $4 million. Media reports suggested that Microsoft is paying between $50-$70 million for the company. Infosys’ $500 million fund is primarily tasked with helping the company access innovative solutions created by startups, and not necessarily exits.

Infosys’ return could not be computed because the company has not disclosed how much of Cloudyn it owns.

Cloudyn has raised $20.5 million in four rounds from its investors, startup data site Crunchbase said. Cloudyn’s other investors include Carmel Ventures, RDSeed and Titanium Investments, according to Crunchbase.

“I would also like to thank our investors for believing in us – RDC, Carmel Ventures, Titanium, Viola Credit, and Infosys, as well as Pacific Crest Securities, our financial advisors in this transaction,” Sharon Wagner, CEO of Cloudyn, said in a blogpost.

Microsoft plans to incorporate Cloudyn into its Azure platform.

“Cloudyn capabilities will be incorporated into our product portfolio that offers customers the industry’s broadest set of cloud management, security and governance solutions,” Jeremy Winter - Director of Program Management, Azure Security and Operations Management, said in a blog post.