Amazon Buying Israeli Startup CloudEndure for $200 Million
Summary
The e-commerce giant Amazon is buying the Israeli startup CloudEndure, which provides business continuity software solutions for disaster recovery, for $200 million. Based in Ramat Gan, CloudEndure was formed in 2012 Ofer Gadish, Ofir Ehrlich, Gil Shai and Leonid Feinberg, and has raised $20 million since from the investment arms of Dell and InfoSys, Magma Venture Partners and investor Zohar Gilon. A month ago Infosys, a giant Indian company that provide information technology services, announced it had inked an agreement to divest its shares CloudEndure for around $ 15.3 million. CloudEndure’s software is used to transfer enterprise data to cloud servers, creates a copy and ensures rapid recovery in the event of a system crash. In the process it places lots of data on cloud providers, including Amazon, which is a major player in the sector in addition to its better-known e-commerce business.
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