Microsoft (MSFT) to Acquire Cloud Storage Solution Provider StorSimple
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Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.7%
EPS Growth %: +20.0%
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Microsoft Corp (Nasdaq: MSFT) and StorSimple Inc. announced that Microsoft has reached a definitive agreement to acquire StorSimple, a leader in Cloud-integrated Storage (CiS) solutions. The addition of CiS will advance Microsoft's Cloud OS vision and help customers more efficiently embrace hybrid cloud computing.
StorSimple solutions combine the data management functions of primary storage, backup, archive and disaster recovery with cloud integration, enabling customers to optimize storage costs, data protection and service agility. With its unique cloud snapshot capability, StorSimple automatically protects and rapidly restores production data using public clouds. Large enterprises across many vertical markets, including retail, oil and gas, manufacturing, consumer goods, healthcare, and financial services, have made their first public cloud deployments using StorSimple.
Terms of the deal were not disclosed.
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StorSimple solutions combine the data management functions of primary storage, backup, archive and disaster recovery with cloud integration, enabling customers to optimize storage costs, data protection and service agility. With its unique cloud snapshot capability, StorSimple automatically protects and rapidly restores production data using public clouds. Large enterprises across many vertical markets, including retail, oil and gas, manufacturing, consumer goods, healthcare, and financial services, have made their first public cloud deployments using StorSimple.
Terms of the deal were not disclosed.
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