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

 

Fisheries: Report On Underrsize Snapper Catch

The report found that commercial fishers caught 144 tonnes of undersized snapper in the Snapper 1 area – about 3% of the total commercial catch – in the year ending February 2015. The area stretches from the top of the North Island to the Bay of Plenty and is one of New Zealand’s most important fisheries. More>>

ALSO:

Tourism: China Southern Airlines To Fly To Christchurch

China Southern Airlines, in partnership with Christchurch Airport and the South Island tourism industry, has announced today it will begin flying directly between Guangzhou, Mainland China and the South Island. More>>

ALSO:

Dodgy: Truck Shops Come Under Scrutiny

Mobile traders, or truck shops, target poorer communities, particularly in Auckland, with non-compliant contracts, steep prices and often lower-quality goods than can be bought at ordinary shops, a Commerce Commission investigation has found. More>>

ALSO:

Auckland Transport: Government, Council Agree On Funding Approach

The government and Auckland Council have reached a detente over transport funding, establishing a one-year, collaborative timetable for decisions on funding for the city's transport infrastructure growth in the next 30 years after the government refused to fund the $2 billion of short and medium-term plans outlined in Auckland's draft Unitary Plan. More>>

ALSO:

Bullish On China Shock: Slumping Equities, Commodities May Continue, But Not A GFC

The biggest selloff in stock markets in at least four years, slumping commodity prices and a surge in Wall Street's fear gauge don't mean the world economy is heading for another global financial crisis, fund managers say. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news