Microsoft acquires New Zealand-based cloud computing company GreenButton
May 1, 2014
Grazed from TheNextWeb. Author: Jon Russell.
Microsoft is stepping up its cloud computing game after acquiring GreenButton, a New Zealand-based startup that uses its Azure platform and has an existing relationship with the Redmond company. The deal was first revealed on a New Zealand government website, which shows that Microsoft is now the company sole shareholder, and Microsoft has since confirmed the deal to TNW and it has been officially announced on its blog. The value of the deal has not been made public.
GreenButton provides ‘on-demand’ cloud solutions, based around a high-intensity cloud burst technology — for example, customers can use its products to run high performance computer, or big data analytics in the cloud. The premise is that GreenButton saves them the pain of investing in and maintaining high-intensity hardware and network resources that are traditionally required to carry out these tasks…
Microsoft says that the GreenButton solution and the company’s SDK will be become part of a new offering from Microsoft Azure. Furthermore, the company says it will invest in developing the GreenButton team and services, which it says will remain in New Zealand following the deal, although the startup will become part of the Big Compute team within the Microsoft Azure business…
Read more from the source @ http://thenextweb.com/microsoft/2014/05/01/microsoft-acquires-new-zealand-based-cloud-computing-company-greenbutton/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheNextWeb+(The+Next+Web+All+Stories)
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