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
Safaricom Shareholders Approve KSh26.04 Billion Dividend
Safaricom shareholders have approved a final dividend of KSh0.65 per share, amounting to KSh26.04 billion for the financial…
ByKenya: Old Mutual launches Sh25m financial literacy training for teachers
The Old Mutual Group, in collaboration with the Kenya Institute of Curriculum Development (KICD), has launched an online…
Ghana: Fidelity Bank earns accreditation as cybersecurity establishment
Fidelity Bank Ghana has achieved a significant milestone in cybersecurity by obtaining accreditation from the Cyber Security Authority…
Ghana: AfDB’s US$650m rice development program to enhance food security in West Africa
The president of the African Development Bank Group, Dr. Akinwumi Adesina who announced this emphasised that the initiative…
Gallery
