Microsoft has signed a definitive agreement to acquire cloud optimization company Cloudyn. Financial terms of the deal was not disclosed, but the transaction is reportedly in the range of $50 to $70 million.

“This acquisition fits squarely into our commitment to empower customers with the tools they need to govern their cloud adoption,” Jeremy Winter, director of program management, Azure Security and Operations Management, said in a statement. Cloudyn capabilities will be incorporated into Microsoft’s product portfolio.

You can find a blog post from Cloudyn on the acquisition here.

Cloudyn has an office in Rosh Ha’Ayin, Israel, as well as two US offices in Massachusetts and New York. Investors in the company include Infosys, Carmel Ventures, Roseed, and Titanium Investments.

The closing of the acquisition is subject to regulatory approval.

[Image courtesy: Microsoft]