Dell Scoops Israel’s Cloudify To Enhance Cloud Choices

Dell Applied sciences Inc (NYSE: DELL) acquired Cloudify to beef up its cloud providers enterprise, particularly its choices in DevOps.
The Israeli startup has constructed a platform for cloud orchestration and infrastructure automation, TechCrunch reports.
The acquisition consideration ranged between $70 million – $100 million.
Additionally Learn: Dell’s Higher Notebook Mix, Focus On ASP, Storage Business Steadiness, Higher Contribution From Software & Services Likely To Bode Well: Analyst
Cloudify’s instruments serve cloud architects and DevOps engineers to handle containers, workloads, and extra throughout hybrid environments.
Cloudify was spun out from GigaSpaces in 2017. Nati Shalom, the founder and CTO of Cloudify, was additionally a co-founder of GigaSpaces.
Since then, the startup has raised lower than $8 million.
Dell reported third-quarter income of $24.7 billion, which beat common analyst estimates of $24.53 billion. The corporate stated third-quarter income 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.
Worth Motion: DELL shares traded increased by 0.02% at $40.51 on the final verify Thursday.

This text initially appeared on Benzinga.com

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