Tuesday, February 23, 2016

Oracle buys cloud software startup Ravello Systems for $500 million, source says | VentureBeat | Cloud | by Jordan Novet

In other cloud market dynamics, see IBM Inks VMware, GitHub, Bitly Deals, Expands Apple Swift Use As It Doubles Down On The Cloud (TechCrunch)

"Oracle today disclosed that it has acquired Ravello Systems, a company with tools for running enterprise workloads in public cloud environments. Oracle didn’t disclose terms of the deal, but a source familiar with the matter said Oracle is paying $500 million to do the deal.

Oracle is rapidly trying to accelerate its cloud business and take on the likes of Amazon Web Services and Microsoft Azure. Today’s acquisition could be strategically important as Oracle rushes to stand up its cloud infrastructure for compute, storage, and networking workloads."
Oracle buys cloud software startup Ravello Systems for $500 million, source says | VentureBeat | Cloud | by Jordan Novet
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