Microsoft acquires Cycle Computing
Microsoft today announced that it has acquired Cycle Computing, a twelve-year-old Connecticut-based company that focuses on helping enterprises orchestrate high-performance computing jobs, large data workloads and other “big computing” jobs in the cloud. The financial details of the deal were not disclosed.
Current Cycle Computing customers include the likes of Novartis, PacificLife, MetLife and other major manufacturing, insurance, biotech and media companies. Cycle Computing, which was bootstrapped and never raised a “real” funding round, says that its service will manage about a billion core-hours of compute this year and that it has grown 2.7x every 12 months.
“We’ve already seen explosive growth on Azure in the areas of artificial intelligence, the Internet of Things and deep learning,” Jason Zander, Microsoft’s corporate VP of Azure, writes in today’s announcement. “As customers continue to look for faster, more efficient ways to run their workloads, Cycle Computing’s depth and expertise around massively scalable applications make them a great fit to join our Microsoft team.”
Cycle Computing co-founder and CEO Jason Stowe writes that his company will continue to support its existing customers, though it’s unclear if this means that Microsoft will also continue to develop support for competing platforms as well. We have reached out to Microsoft for clarification and will update this post once we hear more.
Featured Image: Bloomberg/Getty Images