Cloud monitoring solution startup Cloudyn will be reportedly raising $4 million, around RS 27 crore, from India’s second largest software exporter Infosys Ltd.
Cloudyn also provides software as a service (Saas) solutions for the management and optimisation of hybrid, multi-cloud deployments.
Infosys stated in a stock-exchange filing on Wednesday that the transaction will be completed this month. As a part of the transaction, it will get an undisclosed minority stake in Cloudyn.
In a regulatory filing with stock exchange BSE in Mumbai, Infosys said, “CloudYn enables enterprises to manage and optimise their hybrid, multi-cloud deployments. The solution provides visibility into usage, performance and cost, coupled with actionable recommendations for confident cloud growth.”
Founded in 2011, Cloudyn enables enterprises to monitor and optimise hybrid cloud deployment by providing insights derived from operational and financial metrics.
According to ET, the Bangalore-based IT major is also currently engaged in early-stage talks to invest anywhere between $10 million – $15 million in an Indian venture capital fund, Stellaris Venture Partners.
The venture was launched by a team of venture capitalists, who are aiming for a final corpus of $100 million from both local and global investors.
Earlier, Infosys has also acquired Israel-based Panaya for $200 million in February 2015.