Investment success story keeps staff in New Zealand
Microsoft has bought a Wellington cloud computing business that can trace its origin to the Lord of the Rings movies.
The software giant has snapped up GreenButton, which has 18 staff, for an undisclosed amount. Microsoft would keep all of GreenButton’s operations in New Zealand and all staff would be retained.
GreenButton, whose clients include the National Aeronautics and Space Administration, Boeing and animated-movie producer Pixar, will be added to the Microsoft Azure cloud computing platform.
Using GreenButton’s solutions, applications can be cloud-enabled quickly without recoding existing software – and without a PhD in computer science.
Investment in GreenButton came from the government’s Venture Investment Fund, Movac founder Phil McCaw, and Datacom founder John Holdsworth. Former Sun Microsystems executive Mark Canepa is a shareholder and sits alongside Mr van den Assum and chief executive Scott Houston – once head of technology at Weta Digital – on the board of directors. Microsoft had not acquired any equity in GreenButton as part of its deal.
Read more from Stuff.co.nz