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October 16, 2012

Microsoft buys cloud storage service StorSimple

Posted by David Hunter at 1:58 PM ET.

Microsoft buys online storage service StorSimple

Microsoft has bought online storage service StorSimple as part of its effort to adapt to shifting technology trends.

The deal gives Microsoft another tool to offer to corporate customers who want to back up their data on computers managed and maintained in remote data centers.

Financial terms of Microsoft’s latest acquisition weren’t revealed.

StorSimple, which is based in Mountain View, Calif., had raised more than $31 million from venture capitalists since it was founded three years ago by former executives for Cisco Systems Inc. and Brocade Communications Systems Inc.

And I am sure the payout wasn’t bad for a 3 year effort.



Filed under Acquisitions, Microsoft

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