Many of you are faced with an explosion in data and the resulting cost to store, manage and archive this data is ballooning. This is why cloud storage solutions are so compelling - they provide increased flexibility, almost unlimited scalability, and the improved economics you need. But to realize those benefits, cloud storage needs to be integrated into the enterprise IT infrastructure and application environment. This is where Cloud-integrated Storage (CiS) and StorSimple come in.
Today we have reached a definitive agreement to acquire StorSimple, a leader in an emerging category known as Cloud-integrated Storage (CiS).
For full details, see the Azure Team blog post at http://blogs.msdn.com/b/windowsazure/archive/2012/10/16/microsoft-reaches-definitive-agreement-to-acquire-storsimple.aspx.