Microsoft Corporation declared that it has purchased GreenButton, a successful New Zealand software start-up that specialises in high performance cloud computing.
The company has not revealed the financial terms of the acquisition, which will boost Microsoft's business.
Mike Neil, Director of Program Management for Microsoft Azure said, Data and computation are driving businesses today-but as data volume, variety and velocity continue to explode, our customers need help processing massive amounts of information and running compute-intensive simulations for a growing number of applications.
Neil added, This need is met by Big Compute, and that is why today we are excited to be welcoming GreenButton into the Azure family. With GreenButton s tools integrated into Microsoft Azure, we will provide solutions that allow anyone to harness the power of the cloud.
Microsoft will retain and invest in the team and infrastructure, which will remain in New Zealand after the acquisition, in addition to integrating GreenButton s intellectual property into the Azure platform.
Paul Muckleston, Managing Director of Microsoft New Zealand said, At Microsoft, we invest in growing tech talent in New Zealand from education through to entrepreneurs through a wide range of programs. This includes our BizSpark program, which more than 700 New Zealand based companies have benefitted from since its inception, including GreenButton. This is a clear indication that New Zealand is producing world-class, scalable technology solutions.
Microsoft s purchase is great news for the GreenButton team, their investors and other New Zealand companies, said Founder and CEO of GreenButton Scott Houston, We have enjoyed an incredibly supportive relationship with Microsoft for many years, from their support through BizSpark, to being one of their global technology award winners.
Houston added, This purchase is a real shot in the arm for other New Zealand companies. It shows that if you take your ideas to the world stage, Fortune 500 companies like Microsoft might just notice. It happened to us, so it's entirely possible it could happen for other Kiwi start-ups.