January 27, 2023
1 min read

Dell buys Cloud services startup Cloudify

A company spokesperson told TechCrunch that Dell Technologies “has completed the acquisition of Cloudify…reports Asian Lite News

Dell Technologies has acquired Israeli startup Cloudify that is known for cloud orchestration and infrastructure automation.

According to reports, Dell spent close to $100 million in buying the startup to boost its its cloud services business, specifically its offerings in DevOps.

A company spokesperson told TechCrunch that Dell Technologies “has completed the acquisition of Cloudify.

“This transaction allows Dell to continue to innovate our edge offerings,” said the spokesperson.

In a US SEC filing, Dell refered to issuing of Class C common stock “in respect of certain outstanding and unvested options to acquire the ordinary shares of Cloudify Platform Ltd., an Israeli private liability company.”

Cloudify is an open source, multi-cloud orchestration platform featuring unique technology that packages infrastructure, networking, and existing automation tools into certified blueprints.

Originally the startup was spun out from GigaSpaces in 2017. The startup raised less than $8 million, according to PitchBook data.

Cloudify’s environment-as-a-service packages infrastructure, networking, and automation tools into certified blueprints that it says its customers can use to manage heterogeneous cloud environments at scale, and to help bridge the gap between DevOps and IT service management (ITSM).

Cloudify includes in its technology ecosystem such partners as Amazon Web Services, Google Cloud Platform, Microsoft Azure, F5, Wind River Software, and ServiceNow.

ALSO READ: SM Krishna, Sudha Murty among Padma awardees

Previous Story

Mr Guterres, end the Ukraine war

Next Story

Hyundai’s profit more than doubles in Q4

Latest from Business

‘Ethics Build Brands, Not Shortcuts’ 

The gift of ‘imagination’ that only a human mind possessed, could make all the difference between success and failure and could never be overestimated…writes D.C. Pathak  Different aspects of business, including sales

Auto Sector on the Rise in India

The auto expo aims to unite the entire mobility value chain under one umbrella, setting the stage for the future of mobility….reports Asian Lite News India’s auto sector is poised for strong
Go toTop

Don't Miss

Take Control of Your Career: Smart Upskilling for a Changing World

In today’s world, relying on a generic training plan is

Cloud Costs Concern Indian Firms in Gen AI Era

Organisations that neglect the adoption of the cloud may face