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Dell Scoops Israel's Cloudify To Boost Cloud Offerings

Anusuya Lahiri
·1 分鐘文章

  • Dell Technologies Inc (NYSE: DELL) acquired Cloudify to beef up its cloud services business, specifically its offerings in DevOps.

  • The Israeli startup has built a platform for cloud orchestration and infrastructure automation, TechCrunch reports.

  • The purchase consideration ranged between $70 million - $100 million.

  • Also Read: Dell’s Higher Notebook Mix, Focus On ASP, Storage Business Steadiness, Higher Contribution From Software & Services Likely To Bode Well: Analyst

  • Cloudify’s tools serve cloud architects and DevOps engineers to manage containers, workloads, and more across hybrid environments.

  • Cloudify was spun out from GigaSpaces in 2017. Nati Shalom, the founder and CTO of Cloudify, was also a co-founder of GigaSpaces.

  • Since then, the startup has raised less than $8 million.

  • Dell reported third-quarter revenue of $24.7 billion, which beat average analyst estimates of $24.53 billion. The company said third-quarter revenue was down 6% year-over-year.

  • Dell reported third-quarter earnings of $2.30 per share, which beat estimates of $1.60 per share.

  • Dell held $6.5 billion in cash and equivalents as of October 28.

  • Price Action: DELL shares traded higher by 0.02% at $40.51 on the last check Thursday.

 

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This article originally appeared on Benzinga.com

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