Microsoft Reaches Agreement to Acquire StorSimple

Microsoft Corp. and StorSimple Inc. has reached a definitive aggreement to acquire StorSimple.

StorSimple offers intelligent cloud-integrated storage solutions to help customers for creatingstorageanddatacenterexpansionscenarios.

Read more at Microsoft News Center, https://www.microsoft.com/en-us/news/Press/2012/Oct12/10-16CloudPR.aspx

Microsoft Corp. and StorSimple Inc. today announced that
Microsoft has reached a definitive agreement to acquire StorSimple, a leader in
Cloud-integrated Storage (CiS) solutions. The addition of CiS will advance
Microsoft’s Cloud OS vision and help customers more efficiently embrace hybrid
cloud computing.

“Customers faced with explosive growth in data are looking to
the cloud to help them store, manage and archive that data. But, to be
effective, cloud storage needs to integrate with IT’s current investments,”
said Michael Park, corporate vice president, Server and Tools Division for
Microsoft. “StorSimple’s approach helps customers seamlessly integrate
on-premises storage with cloud storage through intelligent automation and
management.”

StorSimple solutions combine the data management functions of
primary storage, backup, archive and disaster recovery with cloud integration,
enabling customers to optimize storage costs, data protection and service
agility. With its unique cloud snapshot capability, StorSimple automatically
protects and rapidly restores production data using public clouds. Large
enterprises across many vertical markets, including retail, oil and gas,
manufacturing, consumer goods, healthcare, and financial services, have made
their first public cloud deployments using StorSimple.

“Most StorSimple customers are mainstream IT organizations that
have chosen Windows Azure as their primary cloud. We are excited to continue to
work with Microsoft and bring the combined benefits of StorSimple and Windows
Azure to customers around the world,” said Ursheet Parikh, co-founder and CEO,
StorSimple.

Terms of the deal were not disclosed.

About StorSimple

StorSimple (www.StorSimple.com)
is the leader in cloud-integrated storage for Windows. StorSimple securely and
transparently integrates cloud storage for on-premises applications and offers
a single appliance that delivers high-performance tiered local and cloud
storage, live archiving, cloud-based data protection and disaster recovery.
StorSimple has uniquely achieved the most stringent “Certified for Windows
Server 2008” and was named the Microsoft BizSpark Partner of the Year 2011.
StorSimple appliances were named 2011 Products of the Year in the Storage
Systems category by Storage Magazine/SearchStorage.com.