Infosys Invests In Cloudyn, a Second Cloud Computing Start-Up from Israel

Infosys Ltd has invested $4 million to pick up a minority stake in Cloudyn Ltd, an Israeli company that makes software for monitoring and optimizing cloud computing, marking the Bengaluru-headquartered firm's second investment in an Israel-based cloud-computing start-up from the company's $500 million innovation fund.

Last year, Infosys invested $4 million to pick a minority stake in Cloud Endure Ltd, an Israeli-based start-up, which offers solutions to help large companies move applications to cloud and cloud-based Disaster Recovery software.

Privately-held Cloudyn, which was founded in 2011, is estimated to have revenue of $3 million and counts many Fortune 1000 firms as its customers. Cloudyn's software helps chief information officers at large enterprises keep a tab and manage the usage of cloud computing when bought from service providers, like Amazon Web Services.

Infosys expects to complete the transaction by 15 August.

Keywords: Cloud Computing, Disaster Recovery, Amazon Web Services, ARC Advisory Group.