It’s confirmed that Amazon Web Services recently bought Israeli Cloud disaster recovery and backup firm CloudEndure. The rumor was going on about the recent acquisition, but a small announcement made by CloudEndure confirmed the news. However, the firm didn’t reveal much details about the purchase other than the fact that the purchase broadens its capacity to provide flexible and pioneering migration, backup solutions, and disaster recovery.
A representative of Amazon Web Services confirmed the news about the acquisition on late Wednesday evening. It is Amazon Web Services debut deal of 2019 and it has placed an emphasis on an essential part of information technology known as uptime. Since the difficulty level involved in handling a modern business increases every year, the need for services and products which lets firms to recover when something goes wrong also increases.
The acquisition will also let Amazon Web Services customers to shift their data onto the cloud provider’s network, a feature that cloud firms want to make it as easy as possible. Although, AWS already provides migration and disaster-recovery services, CloudEndure’s technology will give the services added benefits.
The company CloudEndure provides various solutions such as disaster recovery, constant backup and migration tools across VMware, AWS, Microsoft Azure, and Google Cloud Platform. As of now, after the purchase, it is still ambiguous as to how the plans will pan out.
Various shoppers may remember facing trouble while accessing Amazon’s Prime Day in 2018, wherein a lot of consumers couldn’t reach the site for many hours. Hence, it is assumed that CloudEndure will be able to offer technology solutions to avoid these problems in the future.
This acquisition can be considered as next step on the way to the next evolution of cloud. It is a well-known fact that Amazon Web Services, Google, and Microsoft are quite famous and brilliant when it comes to infrastructure space, the present scenario concentrates on migration and cloud management.
CloudEndure was started in 2012 and had collected approximately $18.2 million across three funding rounds right before the purchase. The firm’s series B funding had two rounds, one took place in December 2015 and the second one in March 2016 and they successfully raised six million and seven million respectively. The primary funder of the firm was Magma Venture Partners and the co-lead on its recent funding was IT consultancy firm Infosys. Although the financial details were not revealed, the Israeli media claimed the amount was somewhere $200-$250 million.
More details will be revealed when Amazon Web Services will report its fourth-quarter earnings. The firm recorded a revenue of $6.7 billion during the third quarter, so considering this, it is a small price for them to pay to enhance an essential part of its cloud services offerings.