Dell Technologies acquires Cloudify for $100 million
Dell Technologies has announced that it has completed 100% acquisition of Israeli startup, Cloudify an “environment-as-a-service” platform, known for cloud orchestration and infrastructure automation for a whopping $100 million, according to TechCrunch sources.
Cloudify is an open-source, multi-cloud orchestration platform featuring unique technology that packages infrastructure, networking, and existing automation tools into certified blueprints that enable heterogeneous environments to be managed at scale, with automated provisioning and updates.
The Tel Aviv-based startup has since made a name for itself as a result of these capabilities, counting the likes of Amazon Web Services, Google Cloud, Microsoft, and ServiceNow as ecosystem partners.
Originally the startup was spun out from GigaSpaces in 2017. The startup raised less than $8 million, according to PitchBook data.
Dell’s acquisition of Cloudify is focused on making it a stronger cloud solutions provider for public and private cloud opportunities and has the potential to make its Apex – a public cloud integrations effort that it launched in January 2022 – a far more powerful initiative.
Tags:
Related Posts
South Africa: Lula secures over $21m to boost SME funding
South African fintech Lula has secured R340 million (over $21 million) in local currency funding from the Dutch…
ByIfeyinwa Osime appointed Chair of Access Bank board
Access Holdings Plc has announced the appointment of Mrs. Ifeyinwa Osime as the new Chairman of the Board…
Simba Group, LAPO to enhance asset financing for mobility entrepreneurs
Simba Group, the exclusive distributor of TVS Tricycles (popularly known as Keke) and motorcycles in Nigeria, has entered…
Nedbank plans 66% acquisition of NCBA Group
South Africa’s Nedbank Group Limited has announced its intention to acquire a controlling 66% stake in NCBA Group…
Gallery
