Microsoft To Acquire StorSimple

[Techtaffy Newsdesk]

Microsoft has reached a definitive agreement to acquire StorSimple, a  Cloud-integrated Storage (CiS) solutions company.  Terms of the deal were not disclosed.

Michael Park (Corporate vice president, Server and Tools Division for Microsoft): Customers faced with explosive growth in data are looking to the cloud to help them store, manage and archive that data. But, to be effective, cloud storage needs to integrate with IT’s current investments.

StorSimple solutions combine the data management functions of primary storage, backup, archive and disaster recovery with cloud integration.  StorSimple  investors  include Ignition Partners, Index Ventures, Mayfield Fund and Redpoint Ventures.


Also see:

TransUnion to acquire Neustar for $3.1B

TransUnion has signed a definitive agreement to acquire Neustar from a private investment group led by Golden Gate Capital and with minority participation by GIC.

Huvr raises $5M

Huvr, a cloud-based industrial asset management solution company, has raised $5 million.

American Express acquires fintech company Kabbage

American Express has entered into an agreement to acquire Kabbage, a financial technology company that provides cash flow management solutions to small businesses.

AP to equip visual journalists globally with Sony imaging products

Sony and The Associated Press (AP) have inked a collaboration that will make Sony the exclusive imaging products and support provider for AP news photographers and video journalists globally.

Equifax acquires Ansonia

Equifax has acquired Ansonia, a provider of business credit, collections, and account receivable data used by financial institutions, creditors, and businesses focused on the transportation and logistics industries.