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.
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 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.
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.