Following up on news first reported by Brenon Daly of The 451 Group, sources say that Microsoft has acquired Toronto-based Opalis for approximately $59 million.
Opalis provides single-console process-automation (also known as run-book automation) software that orchestrates and automates IT processes such as incident, problem, configuration, and change management across IT infrastructure.
The company, which deems itself the “privately held market leader in IT process automation,” announced earlier this month that it had achieved its best-ever quarterly license revenue, with new license bookings growing 104% compared to results in the same period last year.
Daly reports that Opalis was running at about $10 million in annual revenue. It had raised approximately $25 million in venture capital from backers that included Sierra Ventures, VenGrowth, BDC Venture Capital, and Roynat Capital.