Amazon Buying Israeli Startup CloudEndure for $250 Millionby Marcy Oster, JTA News January 10, 2019
Amazon is buying the Israeli startup company CloudEndure for an estimated $250 million.
Through its subsidiary AWS, Amazon is the world’s biggest supplier of cloud services. CloudEndure, a cloud computing company founded six years ago, creates business software for disaster recovery, backup and live migration in the event of a system crash. It places data on multiple clouds operated by providers including Amazon.
The final deal is expected to be announced in the coming few days, the Israeli business daily Globes reported.
“If Amazon added this kind of disaster-resilience service to AWS, it could help attract clients with a particular focus on security or those who were particularly spooked by high-profile ransomware attacks,” CNBC reported.
CloudEndure has raised over $18 million from leading venture capital firms and strategic investors including Dell Technologies Capital, VMware, Mitsui, Infosys and Magma Venture Partners. The company is based in Ramat Gan, near Tel Aviv.