Cloud infrastructure and digital workspace technology company VMware
is to acquire software platform provider CloudHealth Technologies (CloudHealth). VMware, which has global headquarters in Palo Alto, California, United States, was established in 1998. The company is recognized as one of the leaders in the cloud arena and provides services that enable its customers to “build and evolve IT environments”. VMware solutions help modernize data centers and its services extend to virtualization, hybrid cloud, public cloud, private cloud, and other data center services. Its acquisition of CloudHealth is designed to grow its cloud-based software services offerings.
CloudHealth, which has headquarters in Boston, Massachusetts, United States, was established in 2012. The company provides “the world’s most trusted software platform for accelerating business transformation in the cloud”. It caters to a global customer base of more than 3,500 organizations and its platform enables users to “manage cost, ensure security compliance, improve governance and automate actions across multi-cloud environments”. CloudHealth has the support of leading investors like Kleiner Perkins, Meritech Capital Partners, and Sapphire Ventures. VMware’s acquisition of the company will reportedly cost $500 million.
“Multi-cloud usage while beneficial to business creates a unique set of operational problems,” explained VMware’s Chief Operating Officer, Products and Cloud Services, Raghu Raghuram. “With the addition of CloudHealth Technologies we are delivering a consistent and actionable view into cost and resource management, security and performance for applications across multiple clouds.”Do you know of any other companies involved in acquisitions? Let us know the details. Add your comments below.