Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Microsoft Acquisition of Kiwi Start-Up GreenButton

Microsoft Azure Strengthens ‘Big Compute’ Muscle with Acquisition of Kiwi Start-Up GreenButton

Microsoft Corporation today announced that it has acquired GreenButton, a successful New Zealand software start-up that specialises in high performance cloud computing. Financial terms of the deal were not disclosed.

For Microsoft, the acquisition will further bolster Microsoft Azure, Microsoft’s public cloud offering, underscoring the company’s commitment to Big Compute in the cloud. GreenButton’s advanced technology solutions are used to running compute intensive applications in the cloud. Some of its largest customers include US-based companies Pixar, NASA and Boeing.

“Data and computation are driving businesses today—but as data volume, variety and velocity continue to explode, our customers need help processing massive amounts of information and running compute-intensive simulations for a growing number of applications,” says Mike Neil, Director of Program Management for Microsoft Azure.

“This need is met by Big Compute, and that is why today we are excited to be welcoming GreenButton into the Azure family. With GreenButton’s tools integrated into Microsoft Azure, we will provide solutions that allow anyone to harness the power of the cloud.”

In addition to integrating GreenButton’s intellectual property into the Azure platform, Microsoft will retain and invest in the team and infrastructure, which will remain in New Zealand after the acquisition.

“At Microsoft, we invest in growing tech talent in New Zealand from education through to entrepreneurs through a wide range of programs,” says Paul Muckleston, Managing Director of Microsoft New Zealand.

“This includes our BizSpark program, which more than 700 New Zealand based companies have benefitted from since its inception, including GreenButton. This is a clear indication that New Zealand is producing world-class, scalable technology solutions.”

Founder and CEO of GreenButton Scott Houston, says Microsoft’s purchase is great news for the GreenButton team, their investors and other New Zealand companies.

“We have enjoyed an incredibly supportive relationship with Microsoft for many years, from their support through BizSpark, to being one of their global technology award winners,” he says.

"This purchase is a real shot in the arm for other New Zealand companies. It shows that if you take your ideas to the world stage, Fortune 500 companies like Microsoft might just notice. It happened to us, so it's entirely possible it could happen for other Kiwi start-ups.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half Full: Dairy Payouts Steady, Cash Will Be Tight

Industry body DairyNZ is advising farmers to focus on strong cashflow management as they look ahead to the 2015-16 season following Fonterra's half-year results announcement today. More>>

ALSO:

First Union: Cotton On Plans To Use “Tea Break” Law

“The Prime Minister reassured New Zealanders that ‘post the passing of this law, will you all of a sudden find thousands of workers who are denied having a tea break? The answer is absolutely not’... Cotton On is proposing to remove tea and meal breaks for workers in its safety sensitive distribution centre. How long before other major chains try and follow suit?” More>>

ALSO:

Scoop Business: NZ-Korea FTA Signed Amid Spying, Lost Sovereignty Claims

A long-awaited free trade agreement between New Zealand and South Korea has been signed in Seoul by Prime Minister John Key and the Korean president, Park Geun-hye. More>>

ALSO:

PM Visit: NZ And Viet Nam Agree Ambitious Trade Target

New Zealand and Viet Nam have agreed an ambitious target of doubling two-way goods and service trade to around $2.2 billion by 2020, Prime Minister John Key has announced. More>>

ALSO:

Scoop Business: NZ Economy Grows 0.8% In Fourth Quarter

The New Zealand economy expanded in the fourth quarter as tourists drove growth in retailing and accommodation, and property sales increased demand for real estate services. More>>

ALSO:

Scoop Business: RBNZ’s Wheeler Keeps OCR On Hold, No Rate Hikes Ahead

The Reserve Bank has removed the prospect of future interest rate hikes from its forecast horizon as a strong kiwi dollar and cheap oil hold down inflation, and the central bank ponders whether to lower its assessment of where “neutral” interest rates should be. The kiwi dollar gained. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news