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AWS acquires cloud optimization startup

Published 01/15/2019, 02:32 PM
© Reuters.  AWS acquires cloud optimization startup
  • TechCrunch reports that Amazon (AMZN +2.4%) Web Services has acquired TSO Logic, a Vancouver-based startup that provides analytics-driven insights to optimize cloud migration and workloads. Terms weren't disclosed.
  • Microsoft (NASDAQ:MSFT) purchased the similar startup Cloudyn in 2017 for between $50M and $70M.
  • Amazon confirmed the purchase in an email to TechCrunch and TSO Logic has the news on its website.
  • Amazon says TSO Logic's office will stay in Vancouver and the entire staff has been offered positions with the tech giant.
  • Now read: Amazon's Margins: What Will They Be In 2029?


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