Microsoft recently acquired Cloudyn, a cloud monitoring software-as-a-service company for amount somewhere between $50 and $70 million.

Cloudyn offers cloud monitoring solutions and analytics based on performance and cost for hybrid cloud deployments. Cloudyn’s services work with cloud providers like Microsoft Azure, Amazon AWS, Google Cloud, and Openstack.

Cloudyn also built a customized offering for Microsoft Azure Cloud Solution Providers earlier this year. This service allows partners to manage subscriptions, analyze consumption and monitor deployments.

“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. Cloudyn gives enterprise customers tools to identify, measure and analyze consumption, enable accountability and forecast future cloud spending,” said Microsoft in a blog post. “As a Microsoft partner, Cloudyn has supported cost management for Microsoft Azure and other public clouds, helping customers continuously improve their cloud efficiency. Cloudyn customers have been able to optimize their cloud services usage and costs through automated monitoring, analytics and cost allocation. Since working with Cloudyn, one U.S.-based Fortune 500 customer has seen a 286 percent return on investment (ROI) with regard to their cloud efficiencies, demonstrating Cloudyn’s ability to help customers accelerate their cloud adoption. Cloudyn capabilities will be incorporated into our product portfolio that offers customers the industry’s broadest set of cloud management, security and governance solutions.”

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