Microsoft has acquired cloud storage provider CloudX.
The acquisition is expected to bring more than 1 million cloud storage users to Microsoft, the company said in a blog post.
CloudX will continue to operate as a subsidiary of Microsoft and the Cloud Storage group will continue as a separate business unit, Microsoft said.
Cloud storage has grown rapidly in recent years as the ability to quickly and securely store files for a wide range of applications has opened up a wide array of possibilities, including video, music, and images.
In the last few years, cloud storage has seen increased adoption across different industries, from banking to healthcare.
Microsoft acquired CloudX in March 2018.
The company has been developing cloud storage products since 2011.
The Cloud Storage business is comprised of Cloud Services, Azure, and the Azure Platform.
In addition to its Cloud Services business, CloudX also provides cloud computing services for the Office 365 suite of products.
The Office 365 Suite offers productivity suites, such as Excel, PowerPoint, OneNote, Word, and OneNote for iPad.
Cloud Services is the Microsoft’s cloud storage platform, while Azure is a platform that enables the rapid development of high-performance applications.
Microsoft has a long history of acquiring companies that have the capability to deliver highly-available, high-performing applications.
For example, it acquired Cloud X in 2013.
Cloud X’s portfolio of products includes a large range of file and storage storage products, such for example, Office 365, OneDrive, Microsoft Azure, Microsoft Exchange, and Office 365 Server.
Cloud Storage has long been an important competitor to Google and Amazon in the storage market, but it has also been gaining ground in the cloud computing space.
Microsoft said that Cloud Storage will continue operating as a unit of Microsoft.
It also added that CloudX’s cloud applications, including its Office 365 and Office Mobile applications, will continue running in Microsoft’s Azure cloud.