U.S. tech giant and one of the highest valued companies in the world, Amazon, is acquiring Israel based cloud computing company CloudEndure for an estimated $250 million. The addition of CloudEndure to AWS will be a massive boost to the company’s offering in terms of security and compliance.
CloudEndure was co-founded by CEO Ofer Gadish, CRO Gil Shai, VP R&D Ofir Ehrlich and VP Product Leonid Feinberg in 2012. Since its inception, company has raised about $20 million from investors like Dell, VMWare, Mitsui, Magma Venture Partners, Zohar Gillon, and InfoSys. CloudEndure develops business continuity software solutions for disaster recovery, continuous backup, and live migration. It enables the smooth transfer of data from cloud to cloud.
AWS is the largest supplier of cloud services with a 52% market share. In order to uphold its leadership, it has been on the hunt for potential acquisitions. This acquisition comes after the acquisition of cyber security start-up Sqrrl last year. Sqrrl helped AWS boost its disaster recovery functions, while CloudEndure will help ensure a smooth data flow, continuous backup, and live migration services for physical virtual and cloud-based source services.
While reports claim that the deal has already completed, both the companies are yet to comment on the confirmation of the deal. If the acquisition indeed has taken place, the next big question will be to see whether the public cloud giant will continue to support other cloud providers such as Microsoft’s Azure through CloudEndure.
This is just another in a string of acquisitions made by Amazon to make sure it is ahead of the curve at all times and in all the major industry verticals. The tech giant has made many acquisitions over the last year, including the much talked about Whole Foods acquisition and others such as Ring, PillPack, Tapzo, OpenSCG etc.