Microsoft Acquires Avere To Bolster Cloud Storage Strategy
Avere Systems, a Pittsburgh-based cloud storage company, was acquired by Microsoft, the two companies announced Wednesday. Financial terms of the deal were not disclosed.
Avere's team will continue to work in Pittsburgh, according to reporting by GeekWire.
"By bringing together Avere's storage expertise with the power of Microsoft's cloud, customers will benefit from industry-leading innovations that enable the largest, most complex high-performance workloads to run in Microsoft Azure," Jason Zander, corporate vice president for Microsoft Azure, the company's cloud services, said in a statement. "We are excited to welcome Avere to Microsoft, and look forward to the impact their technology and the team will have on Azure and the customer experience."
Avere was founded in 2008. Since, the company has raised nearly $100 million through multiple rounds of financing. The company announced in March it had received $14 million in its most recent round of funding, including a large investment from Google.
"Our cloud business is growing at triple digits, so over 100 percent," CEO Ron Bianchini told the Tribune-Review in March.
Avere manufactures storage hardware and software that helps companies make use of the public cloud to store data and host applications. Bianchini said the company's technology can help firms better use cloud storage and reduces the delay experienced when accessing data stored on the cloud.
The company employs about 80 people in its Troy Hill offices near the Heinz Lofts. There are 120 employees companywide, Bianchini said.
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