25.1 C
Delhi

Cloudify – Know interesting facts about Dell’s $100 Million Acquisition!

According to reports, Israeli startup cloud orchestration company Cloudify is being purchased by Dell Technologies for an estimated $100 million. According to rumors, Dell spent nearly $100 million to acquire the startup in order to expand its cloud services division, particularly its DevOps products.

Why did Dell buy Cloudify for a staggering $100 Million?

It’s a noteworthy move considering that Dell has spent the majority of the last few years selling off its inventory of software firms, including those with expertise in the cloud.

1 97 Cloudify - Know interesting facts about Dell’s $100 Million Acquisition!

While the Boomi integration platform and the cloud and virtualization behemoth VMware were axed in 2021, Quest Software, which had encompassed the assets of pre-Dell Quest Software and SonicWall, was sold in 2016. TechCrunch quotes a corporate representative as saying that Dell Technologies “has concluded the acquisition of Cloudify.” The statement said, “This deal enables Dell to innovate our edge offerings.

Dell’s $100 Million Acquisition!?

In a filing with the US Securities and Exchange Commission, Dell stated that it would be issuing Class C common stock “in respect of certain outstanding and unvested options to acquire the ordinary shares of Cloudify Platform Ltd., a private limited business based in Israel.” A ground-breaking approach known as Cloudify, an open-source multi-cloud orchestration platform, fuses preexisting infrastructure, automation tools, and networking into trusted blueprints.

- Advertisement -TechnoSports-Ad
3 71 Cloudify - Know interesting facts about Dell’s $100 Million Acquisition!

The environment-as-a-service offered by Cloudify combines networking, infrastructure, and automated tools into certified blueprints that, according to the company, allow its clients to organize heterogeneous cloud services at scale and help close the gap between ITSM (IT service management) and DevOps.

4 46 Cloudify - Know interesting facts about Dell’s $100 Million Acquisition!

Additionally, Dell has developed its own Apex-as-a-Service range of managed infrastructure services, which includes servers, storage, networking, and more. During the previous year, the company added particular multi-cloud capabilities, such as data services to offer file, block, object, and data security services across all significant public clouds, and it has since added more capabilities. Google Cloud Platform, F5, Wind River Software, Amazon Web Services, Microsoft Azure, and ServiceNow are just a few of the technology partners that Cloudify works with.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

TechnoSports-Ad

Popular

TechnoSports-Ad

Related Stories

More from author

Top 10 Highest-Grossing Films in History as of 2024

The Top 10 Highest-Grossing Films in History - All You Need to Know Going to the movies is a unique experience that can transport people...

Top 10 Most Viewed YouTube Live Streams in the World 2024

Top 10 Most Viewed YouTube Live Streams - All You Need to Know In the dynamic landscape of online content consumption, YouTube has emerged as...

Top 10 Websites To Download Movies For Free (March 29)

Each planet symbolizes your bond with that friend: Mercury: Your ultimate Snapchat bestie! You share the most snaps, chats, and streaks. Venus: Your second-closest confidante. You share a strong connection and lots...

Airtel Unveils ₹1,499 Plan with Netflix, Jio Launches ₹909 Plan with SonyLIV

Reliance Jio has recently introduced a brand recharge plan priced at ₹909 offering a wide range of benefits, for a duration of 84 days....