US tech giant Amazon is acquiring Israeli cloud computing company CloudEndure for an estimated $250 million, sources inform Globes.
Based in Ramat Gan, CloudEndure was founded six years ago and has raised $20 million. Founded by CEO Ofer Gadish, CRO Gil Shai, VP R&D Ofir Ehrlich and VP Product Leonid Feinberg, CloudEndure is a cloud computing company that enables the smooth transfer of data from cloud to cloud for companies that work with many clouds.
Amazon, through its subsidiary AWS, is the world’s biggest supplier of clouds services, with a 52% market share in cloud services.
Read more at Globes.