Microsoft Acquires Cloud File-Migration Company Mover

Executive Summary

On October 21, 2019, Microsoft announced in a blog post the acquisition of cloud file-migration company Mover, for an undisclosed figure.

• Mover is a leading provider of cloud file migration, including admin-led and self-service offerings. Mover aims to streamline the process of transferring user’s data to the cloud. Users can use Mover to change cloud-storage providers, back up website or files.
• The company is headquartered in Edmonton, Canada, has fewer than 11 employees and has raised less than $1 million in funding, according to Crunchbase. Owler estimates its annual revenue at $5.2 million.
• The Mover acquisition marks Microsoft’s ninth acquisition this year, according to data from S&P Capital IQ. Microsoft is making acquisitions in a several diverse areas, including data migration, business intelligence, coding, games and security.