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

 

Scoop Business: Govt Resisting Pressure To Pump More Cash Into Solid Energy

Prime Minister John Key says it is “not the government’s preferred option” to make a fresh capital injection into the troubled state-owned coal miner, Solid Energy, but dodged journalists’ questions at his weekly press conference on whether that might prove necessary... More>>

ALSO:

Lagest Ever Privacy Breach Award: NZCU Baywide Accepts “Severe” Censure In Cake Case

NZCU Baywide says that once it was found to have committed a breach of a former staff member’s privacy, it had attempted to resolve the matter... the censure and remedies for its actions taken almost three years ago are “severe” but accepted, and will hopefully draw a line under the matter. More>>

ALSO:

Scoop Business: PayPal Stops Processing Mega Payments; NZX Listing Still On

PayPal has ceased processing payments for Mega, the file storage and encryption firm looking to join the New Zealand stock market via a reverse listing of TRS Investments, amid claims it is not a legitimate cloud storage service. More>>

ALSO:

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Crown Accounts: NZ Government Deficit Smaller Than Expected In First Half

The New Zealand government's operating deficit was smaller than expected in the first six months of the financial year, as the consumption and corporate tax take rose ahead of forecast in December, having lagged estimates in previous months. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news