Microsoft has acquired ADRM Software, a data analytics firm that builds models for businesses and industry services.
The tech giant hopes to combine industry models from ADRM with Azure's vast storage and compute capability. Terms of the transaction were not disclosed.
Cloud devours all
Kevin Schofield, ADRM's CEO, said: "It is with great enthusiasm that we announce today that the entire ADRM Software team has recently joined Microsoft's Azure global engineering organization and Microsoft has acquired ADRM Software and its vast collection of large-scale industry-specific data models!
"We'll be reaching out to our existing customers very soon to tell you more and we look forward to speaking with those of you who we have not yet met in the near future to learn more about where you are on your data-driven journey... we think the combination of ADRM Software's comprehensive industry data models and Azure's intelligent limitless storage and compute can provide to your enterprise."
Ravi Krishnaswamy, CVP at Azure Global Industry, added in a blog post: “Data and AI are the foundation of modern technological innovation, yet businesses today struggle to unlock the full value data has to offer as fragmented data estates hinder digital transformation.
“Without a comprehensive and integrated view of their data, companies are at a competitive disadvantage, which hinders digital adoption and data-driven innovation… [Now] these capabilities will be delivered at scale, enabling our customers to accelerate digital progress and reduce risk in a variety of major initiatives.”