Cloud Backup Startup CloudEndure Confirms Acquisition by Amazon
In December, digital services and consulting company Infosys announced it signed a deal to divest its shares in CloudEndure
Update, Thursday, Jan. 10: Israel-based cloud application backup startup CloudEndure Ltd. officially announced Thursday it has been acquired by Amazon Web Services (AWS), the cloud services subsidiary of Amazon.
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On Tuesday, Calcalist reported, citing two people familiar with the matter, that AWS was in talks to acquire CloudEndure in a deal estimated at around $200 million.
CloudEndure CEO Ofer Gadish. Photo: PR
CloudEndure offers a cloud disaster recovery and continuous cloud application backup service. The company founded in 2012 is headquartered in New York, and has a research and development arm in Ramat Gan, in the greater Tel Aviv area. It raised $18.2 million from investors including Dell Technologies Capital, Mitsui & Co., VMware, Infosys Ltd., and Magma Venture Partners.
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In December, Bengaluru, India-headquartered digital services and consulting company Infosys announced it signed a deal to divest its shares in CloudEndure in a filing to the National Stock Exchange of India. Infosys stated it has agreed to sell its stake for $15.3 million, subject to customary conditions, but did not disclose further details including the identity of the buyer.
