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AWS acquires cloud optimization startup

Jan. 15, 2019 2:32 PM ETAmazon.com, Inc. (AMZN) StockAMZNBy: Brandy Betz, SA News Editor10 Comments
  • 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 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.

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