Microsoft to Acquire Cloudyn, an Israel-Based Cloud Management Firm

Microsoft has said it will acquire Israel-based cloud management company Cloudyn.

"Microsoft has signed a definitive agreement to acquire Cloudyn, an innovative company that helps enterprises and managed service providers optimize their investments in cloud services," the software giant announced.

"This acquisition fits squarely into our commitment to empower customers with the tools they need to govern their cloud adoption and realise the strategic benefits of a global, trusted, intelligent cloud," said Jeremy Winter, Director of Programme Management, Microsoft Azure Security and Operations Management.

Cloudyn gives enterprise customers tools to identify, measure and analyse consumption, enable accountability and forecast future cloud spending.

Microsoft did not disclose Cloudyn's price tag. It said that closing of the acquisition was subject to regulatory approval.

A Microsoft study said on Friday claimed that the one thing India's millennial workforce values the most is flexi-work styles that enable them to be mobile professionals with a personalised way of how they work and live.

Adoption of practices and advanced technology that enable flexi-work was ranked number one reason for joining and staying in an organisation by most respondents of the study titled "Microsoft Asia Workplace 2020".

The findings suggest that 74 percent of respondents are already spending 20 percent or more of their time working outside of the office.

The study was conducted between February and March 2017 and involved 4,175 respondents in 14 Asia markets including India, Australia, China, Hong Kong, Indonesia, Japan, Korea, Malaysia, New Zealand, the Philippines, Singapore, Taiwan, Thailand and Vietnam.