Wednesday

Tech: Microsoft Finally Acquires Cycle Computing


Microsoft has once again acquired another computing company called Cycle. Cycle is a Twelve-year old company with its base in Connecticut and focuses on helping companies organize high demanding computing jobs. Cycle as a computing firm also helps enterprises orchestrate large data workloads and handles other big computing tasks in the cloud. 


Well, I am not going to mention how many billion dollars was involved in this deal cos none was stated.

Current Cycle Computing customers include the likes of Novartis, Pacific Life, MetLife and other major manufacturing, insurance, biotech and media companies. Cycle Computing, which was bootstrapped and never raised a “real” funding round, says that its service will manage about a billion core-hours of compute this year and that it has grown 2.7x every 12 months.

“We’ve already seen explosive growth on Azure in the areas of artificial intelligence, the Internet of Things and deep learning,” Jason Zander, Microsoft’s corporate VP of Azure, writes in today’s announcement. “As customers continue to look for faster, more efficient ways to run their workloads, Cycle Computing’s depth and expertise around massively scalable applications make them a great fit to join our Microsoft team.”

Cycle Computing co-founder and CEO Jason Stowe  writes that his company will continue to support its existing customers, though it’s unclear if this means that Microsoft will also continue to develop support for competing platforms. We have reached out to Microsoft for clarification and will update this post once we hear more.

I guess its a congratulations to Microsoft from the schoolnaija team. I know you'll acquire more companies cos you're an IT Giant.

You can read more stories from Techcrunch.com

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