Microsoft will acquire Pittsburgh-based cloud technology company Avere Systems for an undisclosed amount.
Microsoft has made a deal to buy cloud technology company Avere Systems, a move that could make Microsoft’s cloud service Azure more attractive for companies with huge amounts of data.
Pittsburgh-based Avere specializes in storage technology for companies that require high-performance computing, including several companies in the entertainment industry. Avere, which was founded in 2008, counts Sony Pictures and Moving Picture Company among its customers.
The Avere team will keep its office in Pittsburgh after the deal closes. Terms of the transaction were not disclosed.
Avere’s technology helps companies both in the cloud and with their data stored locally, a so-called ‘hybrid” service that Microsoft has also been focusing on as more companies move between the cloud and on-premise systems.
“By bringing together Avere’s storage expertise with the power of Microsoft’s cloud, customers will benefit from industry-leading innovations that enable the largest, most complex high-performance workloads to run in Microsoft Azure,” Azure Corporate Vice President Jason Zander wrote in a blog post announcing the news.
Avere has raised more than $90 million from investors, including Menlo Ventures and Tenaya Capital.