Monday, August 27, 2018
Source: Reuters
VMware Inc will acquire CloudHealth Technologies as part of the information technology company’s continued push into cloud-based software services. The Palo Alto, California, company will pay approximately $500 million for the Boston-based startup.
VMware will purchase CloudHealth for the company’s cloud management platform. That platform makes it possible for enterprises to control and analyze the costs, compliance and performance of their computing environments across their own data centers and public clouds like Amazon Web Services and Microsoft Corp’s Azure.
The company announced its acquisition in Las Vegas at VMworld, the company’s annual industry conference, where it also announced a series of new cloud services, including an expansion of the VMware Cloud on AWS partnership with Amazon.com Inc. VMware has been adding subscription-based software services over the past year as more corporations begin to shift their computing and data storage systems off of their own servers and into public clouds.
Key to this strategy has been the VMware Cloud on AWS partnership that makes it simple for enterprises to transition onto the cloud. With the addition of CloudHealth, VMware is making it easier for its customers to manage services on other cloud providers, such as Azure and Alphabet Inc’s Google Cloud Platform.
Read more at Reuters.