The US e-commerce giant Amazon is acquiring Israeli cloud computing startup CloudEndure, the developer of business continuity software solutions for disaster recovery, continuous backup, and live migration.
The deal for an estimated $250 million, has been finalized and expected to be announced in a few days.
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Founded in 2012 by CEO Ofer Gadish, CRO Gil Shai, VP R&D Ofir Ehrlich, and VP Product Leonid Feinberg, CloudEndure has raised $20 million to date from the investment arms of Dell, Magma Venture Partners, Zohar Gilon and InfoSys.
The company offers two tiers of Disaster Recovery, as well as Continuous Backup and Live Migration products which enable the smooth transfer of data from cloud to cloud.
CloudEndure saves a dormant copy in the target infrastructure, which uses a smaller percentage of computing, storage, and memory than the primary site; this leads to minimal RTOs (recovery time objective) and RPOs (recovery point objective) when spun up in a disaster.
A month ago, the Indian giant Infosys, announced it had divested its shares in CloudEndure for about $15.3 million.
Amazon has interests in Israel. A research and development unit in Israel working on cashier-less supermarkets ‘Amazon Go’ and another unit, Lab126, working on computer vision for smart speakers.
In 2015, Amazon acquired Annapurna Labs for $360 million, which became the center for developing chips used by Amazon Web Services, its cloud-computing unit.