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.


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