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Amazon to acquire Israeli cloud computing company

January 08, 2019 / Elad Benari

US tech giant Amazon is acquiring Israeli cloud computing company CloudEndure for an estimated $250 million, the Globes financial newspaper reported on Monday.The deal is expected to close in the coming few days. Based in Ramat Gan, CloudEndure was founded six years ago and has raised $20 million.CloudEndure was founded by CEO Ofer Gadish, CRO Gil Shai, VP R&D Ofir Ehrlich and VP Product Leonid Feinberg. Investors in CloudEndure include Dell, Magma Venture Partners, Zohar Gillon, and InfoSys.CloudEndure is a cloud computing company that develops business continuity software solutions for disaster recovery, continuous backup, and live migration. The company enables the smooth transfer of data from cloud to cloud.