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Microsoft buys start-up Movere to help businesses move work to the cloud

PUBLISHED WED, SEP 4 20192:26 PM EDTUPDATED WED, SEP 4 20192:49 PM EDT
KEY POINTS
  • Movere’s technology supports companies that are moving to the public cloud, including Microsoft Azure and Amazon Web Services.
  • Its customers include AT&T and McDonald’s.
  • Terms of Microsoft’s acquisition weren’t disclosed.
Satya Nadella speaking at the 2016 World Economic Forum in Davos, Switzerland.
David A. Grogan | CNBC

Microsoft’s effort to get more businesses onto its Azure public cloud is poised to get an assist from the acquisition of a start-up called Movere.

Movere’s technology helps IT administrators better understand how data center tools are used and then figure out the best options as they move into the public cloud. Microsoft said in a blog post on Wednesday that it bought Movere to make “migration an easier process for our customers.”

Terms weren’t disclosed, but the deal highlights the importance of bolstering Azure, which trails Amazon Web Services in the cloud infrastructure market. Both companies are luring an increasing number of large businesses and government agencies, which are offloading large workloads and data storage to the cloud so they can do more with their data and access it quickly from anywhere.

“We believe that successful cloud migrations enable business transformation, and this acquisition underscores our investments to make that happen,” Jeremy Winter, partner director for Azure management at Microsoft, wrote in the post. Movere’s technology helps companies move to Amazon as well as to Azure.

While AWS is larger than Azure, Microsoft’s business is growing faster. The company said Azure revenue grew 64% in the latest quarter, while sales at AWS rose 37%. Google, a smaller competitor in the public cloud market, bought start-up Alooma earlier this year to help with smoothing cloud migrations.

Movere’s customers include 21st Century Fox, AT&T, IBM and McDonald’s, according to the company’s website. Movere was founded in 2008 and is based in Bellevue, Washington, near Microsoft’s Redmond headquarters.

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The 1970s when the cost of oil rose from a nominal price of $3 before the 1973 oil crisis to around $40 during the 1979 oil crisis.Jun 25, 2019 What Is the Relationship Between Oil Prices and Inflation? https://www.investopedia.com › ask › answers › oil-prices-inflation Search for: Were the two oil crises in the 1970s linked to deflation or inflation? What factors cause high oil prices to directly lead to inflation? The government began to print more money. The price of oil and inflation are connected in a cause and effect relationship, that is, when the price of oil increases, inflation also increases in an economy. Jan 19, 2019 Which factor caused higher oil prices to directly lead to inflation ... https://brainly.in › question Search for: What factors cause high oil prices to directly lead to inflation? the recession of the early 1980s? confidence in the economy was bolstered by tax cuts, a decline in interest rates, and lower inflation. 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The easy-money policies of the American central bank, which were designed to generate full employment by the early 1970s also caused high inflation.Jul 7, 2019 How the Great Inflation of the 1970s Happened - Investopedia https://www.investopedia.com › articles › economics Search for: Why did unemployment rise in the 1970s? What was the unemployment rate in 1974? U.S. Unemployment Rates Year by Year Year Avg. Unemployment Rate GDP Growth 1974 7.2% -0.5% 1975 8.2% -0.2% What will cause the next recession? Trade policy, a geopolitical crisis and/or a stock market correction were the factors identified by panelists as most likely to trigger the next recession. A housing slowdown is unlikely to cause the next recession, according to the panel, but home buying demand is expected to fall next year. July 25, 2019 Why the Next Recession Is Likely to Happen in 2020, and What It ... https://finance.yahoo.com › news › why-next-recession-likely-happen-0801... 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