Microsoft on Thursday confirmed it acquired based Cloudyn, a startup headquartered in Boston with offices in the Israeli town of Rosh Ha’ayin that has developed technology to monitor and optimize cloud storage. No financial details were disclosed, but earlier this year press reports said the company was being bought by Microsoft for some $50-$70 million.

“I am pleased to announce that Microsoft has signed a definitive agreement to acquire Cloudyn, an innovative company that helps enterprises and managed service providers optimize their investments in cloud services,” Jeremy Winter, director of program management at Microsoft’s Azure Security unit, said in a blog post on Thursday. “This acquisition fits squarely into our commitment to empower customers with the tools they need to govern their cloud adoption and realize the strategic benefits of a global, trusted, intelligent cloud.”

This is Microsoft’s second announced deal this month. On June 8 the US giant said it signed a deal to buy Israel’s Hexadite, a cybersecurity firm.

Six-year-old Cloudyn provides businesses with software that enables them to measure the consumption, cost and performance of their cloud spending. Sharon Wagner, Vittaly Tavor and Boris Goldberg are the three co-founders of the startup, according to their website. Investors include Carmel Ventures and Infosys.

The company’s founders are “thrilled to announce that Cloudyn will be joining Microsoft to continue our mission of optimizing cloud efficiencies and investments,” wrote Cloudyn’s CEO Sharon Wagner in a blog post. “The Cloudyn solution will be incorporated into Microsoft’s product portfolio — offering customers the industry’s broadest set of multi-cloud management, security and governance solutions.”

“We are stoked to be joining the Microsoft team and are ready to embark on the next stage of our journey,” Wagner wrote.