A Look at Solair, Microsoft’s Latest Acquisition
Microsoft’s Solair acquisition
On May 3, 2016, Microsoft (MSFT) announced the acquisition of Solair. Solair, based in Italy (EWI), is an IoT (Internet of Things) company that specializes in connecting workplace devices. Financial details of the deal were not disclosed.
According to Azure IoT partner director Sam George, “Solair has brought the power of IoT to the Rancilio Group’s full line of espresso machines, allowing the Italian manufacturer to remotely monitor machines resulting in greater efficiency across the supply chain.”
Through its technology, Solair caters to businesses in the retail, manufacturing, food, beverage home automation, smart metering, and transportation sectors, among others.
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Solair will integrate with Azure
Microsoft intends to integrate Solair technology into its Azure IoT Suite. Solair already runs on Microsoft’s Azure. In fiscal 3Q16, Microsoft’s Intelligent Cloud, which encompasses server products, MS Azure, mobile tracking devices, and data centers, grew by 8% in constant currency terms to $6.1 billion. Within this segment, server and cloud service revenues grew by 5%, while Azure grew by 120%. Though Amazon (AMZN) is the market leader in the cloud space, Microsoft recorded the highest growth in the space in 2015, expanding by 128%. Azure has played an integral role in Microsoft’s growth in the cloud space, which explains why Microsoft is keen to strengthen and expand Azure. Apart from Microsoft, the cloud space is dominated by Amazon, IBM (IBM), Google (GOOG) (GOOGL), and Salesforce (CRM).