Microsoft Azure signed an agreement to acquire Avere Systems, Inc. from Menlo Ventures, Norwest Venture Partners, Alphabet Inc. (NasdaqGS:GOOGL), Lightspeed Venture Partners, Tenaya Capital Inc., Western Digital Capital and others on January 3, 2018. Post-acquisition Avere Systems will be a part of Microsoft Azure and Avere Systems team will join Microsoft Azure.

Avere Systems, Inc. provides cloud file storage infrastructure. It offers Virtual FXT Edge filers that act as network-attached storage in the compute cloud; CloudFusion, a cloud-based file system that eliminates the unnecessary use of elastic compute cloud storage silos; FXT Edge Filers that optimize NAS and enable cloud storage; storage management software for NAS infrastructures; FlashMove software to manage data moves and migrations; FlashMirror software to mirror data for data protection and recovery; and FlashCloud that provides NAS integration for cloud-on-demand. The company also provides cloud enablement solutions, such as private object and active archive, as well as cloud bursting, NAS, and storage gateway solutions; and storage management solutions, including NAS optimization, performance, cost management, data management, and wide-area network solutions. It serves government, financial analysis, media and entertainment, life science, and software dev tool industries. Avere Systems, Inc. was formerly known as Arriad, Inc. The company was founded in 2008 and is based in Pittsburgh, Pennsylvania with data centers worldwide.