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Report: Amazon buys Israeli disaster recovery startup

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Report: Amazon buys Israeli disaster recovery startup Inc. has acquired Israeli startup CloudEndure Ltd., which provides cloud data disaster recovery services, TechCrunch reported Jan. 8, citing unnamed sources.

Israeli financial newspaper Globes, citing its own sources, reported Jan. 7 on the e-commerce giant's plan to buy CloudEndure and said the deal is valued at about $250 million.

But TechCrunch said the transaction has happened, with a value closer to $200 million.

CloudEndure provides companies operating with multiple clouds with business continuity solutions such as disaster recovery and live migration if the original cloud application is down.

It works with cloud-computing platforms such as Microsoft Corp.'s Azure, Alphabet Inc.-owned Google LLC's Cloud Platform and Amazon's own Amazon Web Services Inc., but TechCrunch said it is not clear whether Amazon would continue supporting these other vendors following the acquisition.

The startup, which is backed by Dell Technologies Capital, Magma Venture Partners and Infosys Ltd., has raised more than $18 million to date.

The companies did not respond to requests for confirmation, TechCrunch said.