Microsoft is reportedly getting into cloud computing with a $1 billion acquisition of Bunbury, the San Francisco-based cloud computing startup, according to Recode.
The acquisition is expected to close in the fourth quarter of this year.
Bunbury, which launched in 2013, offers data-management, analytics and data analytics services for businesses and government agencies.
The company’s product line includes a variety of applications that help users with tasks such as billing, scheduling, billing and invoicing.
Microsoft’s acquisition of the Bunbury business is one of several tech giants that have announced their plans to acquire cloud computing services.
Last year, Twitter announced that it was acquiring its own cloud computing infrastructure company.
Last month, LinkedIn announced its own purchase of a startup called Swarm, which offers a platform for sharing and managing massive data sets.