uploads/2018/01/hybrid-cloud-1-1-1-1-1-1-1.png

Why Microsoft Acquired Avere Systems

By

Updated

Avere Systems acquisition to expand Microsoft’s reach

In the first week of January 2018, Microsoft (MSFT) announced the acquisition of Avere Systems, which provides caching and file storage services in private data centers as well as the public cloud. The financial terms of the deal were not disclosed.

Avere uses a mix of caching technologies and file systems to meet the performance requirements of companies and organizations that run extensive computing workloads. Its technology enables enterprises to migrate their mission-critical, high-performance applications and workloads to the cloud.

Avere’s technologies are used in various industries, from life sciences, oil and gas, education, technology, financial services, and manufacturing to any industries that could benefit from efficient use of HPC (high-performance computing) and storage resources.

The graphic below gives you a glimpse of Avere Systems’ diverse customer base. Its customers include prominent media and entertainment companies, including Sony Pictures Imageworks, Moving Picture Company, and Illumination Mac Guff, a France-based animation studio. By acquiring Avere Systems, Microsoft hopes to benefit from the inclusion of these companies in its portfolio.

Avere Systems’ inception and funding

Founded in 2008, Avere Systems has raised $86 million to date, as reported by Crunchbase. In March 2017, the company closed its most recent 14 million Series E funding in which Google (GOOG) and Western Digital (WDC) were investors.

More From Market Realist