Cycle Computing co-founder and CEO
BI Chinese station reported on August 16
With more and more intense competition in cloud computing, Microsoft announced on Tuesday that it had acquired a start-up called Cycle Computing, but the specific price of the deal was still unknown. It is said that after the completion of the deal, Cycle Computing will be integrated into the Azure sector.
For the time being, Cycle Computing's fame may not be comparable to some peers in the industry, but the start-ups are already playing a key role in building the current cloud computing industry. Cycle Computing software can help enterprises in the cloud field to run a huge application for many cloud service sellers, this is profitable business. Today, Cycle Computing's cloud services will play a role when companies brush credit cards or instantly use powerful supercomputing power.
Cycle Computing or AWS with Google's early partner. After the deal is completed, Cycle Computing customers will also be arranged to Microsoft's cloud services.
In 2012, Cycle Computing in the US market triggered a greater concern, when the company's technology on the transformation of the Amazon played a certain role in helping, after the original Web Services transformed into a equivalent of 50,000 units of independence Computer supercomputer.
In addition, in the medical field, scientists are trying to seek potential new anti-cancer drugs, but also the use of Cycle Computing software, and then in the Amazon data center thousands of virtual computers running their applications at the same time.
Since then, with its own continuous development, Cycle Computing has also been AWS, Google and Microsoft Azure three cloud service providers to use. In addition, a large number of competitive products have also entered the cloud service market, so that virtual cloud computer collaboration, as is a large supercomputer.
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Microsoft did not disclose the specific price of the transaction, the industry is also very difficult to guess how much the transaction in the end, because Cycle Computing to some extent a bit unusual, the company is a self-interested enterprises, investment. Cycle Computing only raised $ 1 million in debt financing in 2016.
Jason Stowe, co-founder and CEO of Cycle Computing, said in a blog posting on Tuesday that "Cycle Computing was created only 12 years ago with a $ 8,000 credit card. "Therefore, the deal is very good for Stowe and its employees, after all, they have a 100% stake in Cycle Computing. Perhaps, Microsoft acquired Cycle Computing is also to get the company's talent and carry out.
In addition, the deal will make Cycle Computing employees happy and there are other reasons. Cycle Computing claims that some of the big companies in the global pharmaceutical multinational companies Novartis and NASA, as well as manufacturing, life insurance, pharmaceutical, biotechnology, media, financial services and hedge funds, are their key customers. Stowe said that its customers are heavily using the products of Cycle Computing.
While Microsoft claims to continue to support all of its customers at Cycle Computing to operate the business on the original cloud platform, future Cycle Computing customers may still be able to eventually leave the original platform, because after this transaction, Cycle Computing will be incorporated into Microsoft's Azure, and Cycle Computing's customers will be asked to migrate to Azure.
"We will continue to support Cycle Computing customers using AWS or Google Cloud Services," Microsoft said. Microsoft's future cloud service will focus on Azure. We are committed to providing customers with a seamless transformation experience to help customers migrate better to the Azure platform. & Rdquo;
For Microsoft, this is a good deal. Cycle Computing is a huge application that leverages a lot of cloud services and can generate a lot of revenue in the cloud computing space. Microsoft is trying to promote its own cloud service Azure. With this M & A transaction, Microsoft will be able to achieve its own goals, while also encouraging AWS and Google Cloud platform customers to use Microsoft's services.