GreenButton acquisition 'great news' for NZ start-up industry

Wellington’s angel network, AngelHQ has joined others in New Zealand’s early stage investment community, congratulating cloud-computing company GreenButton on its successful sale to Microsoft.

Announced this morning, in addition to integrating GreenButton’s intellectual property into the Azure platform, Microsoft will retain and invest in the team and infrastructure.

For the software giant however, the acquisition will further bolster Microsoft Azure, Microsoft’s public cloud offering, underscoring the company’s commitment to Big Compute in the cloud.

“Greenbutton was one of the first ventures AngelHQ investors put money into over four years ago,” says Bruno Bordignon, Chairman, Angel HQ.

“We are delighted to celebrate this win, not just for our investors but for the Wellington region, as many of these investors recycle into other opportunities.

“In doing so these investors are not only creating more jobs but tangibly supporting the ambition and aspiration all of us should share for Wellington’s entrepreneurs who are creating ‘value-added’ intellectual property and generating export revenue.”