March 5, 2013
In a recent corporate blog, Microsoft (NASDAQ: MSFT ) vice president of strategy and business development, Bob Kelly, announced the acquisition of privately held MetricsHub, a cloud analytics, monitoring, and automation company.
MetricsHub is a participant in Microsoft's Accelerator initiative, an intensive three-month immersion program for 10 cloud-related start-up companies. The Accelerator program is the result of the combined efforts of Microsoft and TechStars to support innovative cloud solutions.
A pre-release version of MetricsHub tools and solutions are immediately available for existing Microsoft Windows Azure customers. Terms of the acquisition were not disclosed.
More Expert Advice from The Motley Fool
Despite being one of the most successful tech companies ever, Microsoft has left investors wanting in recent years. Though shares are cheap today, many are wondering if the company can ever be great again. Will Windows 8 be enough to resurrect it? Top analyst Charly Travers tells you in our new premium research report. Click here now for access