About This Deal

Microsoft Corporation acquired Avere Systems, a transaction completed in February 2018.

Avere Systems operates in Azure. Avere Systems provides high-performance NFS and SMB file-based storage and caching for Linux and Windows clients across cloud, hybrid, and on-premises environments, aimed at large-scale compute workloads such as media and entertainment. Microsoft acquired it to combine Avere's storage technology with Azure for demanding high-performance computing workloads.

Enable customers to run large-scale, complex high-performance computing workloads in Azure across industries including life sciences, oil and gas, financial services, and manufacturing.

Deal Terms

Acquirer
Microsoft Corporation
Target
Avere Systems
Value
Not disclosed
Date
February 2018
Type
Acquisition
Status
Official-source — no SEC filing

Transaction Details

Segment
Azure
Announced
January 3, 2018
Closed
February 1, 2018

In Their Words

By bringing together Avere's storage expertise with the power of Microsoft's cloud, customers will benefit from industry-leading innovations.Jason Zander, Executive Vice President, Strategic Missions and Technologies at Microsoft

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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