US software giant Oracle has announced it will acquire the Silicon Valley start-up Nimbula, a company that develops software tools to control private, public and hybrid cloud deployments from a single dashboard.
Oracle didn’t reveal the price it will pay for the company, but analysts quoted by NASDAQ expect it to be “under $100 million,” based on Nimbula’s previous fund-raising efforts.
Niumbula was founded in 2009 by former Amazon VP of engineering Chris Pinkham and Willem Van Biljon, another former Amazon Web Services employee. Both spearheaded the development of the popular EC2 (Elastic Compute Cloud) product, and brought their expertise to Nimbula.
The company is a member of the Open Stack Foundation and counts Yandex, the fourth most popular search engine in the world and Russia’s biggest web services company, among its main customers.
“Nimbula’s technology helps companies manage infrastructure resources to deliver service, quality and availability, as well as workloads in private and hybrid cloud environments. Nimbula’s product is complementary to Oracle, and is expected to be integrated with Oracle’s cloud offerings,” said Oracle in a statement.
The deal comes 10 months after launch of the Oracle Public Cloud, a service that came into being even though CEO Larry Ellison had famously described cloud computing as “gibberish“. This year, the “gibberish” is expected to contribute $1 billion to Oracle’s revenue.
The transaction is expected to close in the first half of 2013.
Oracle purchased 11 companies in 2012, and started this year by acquiring networking technology business Acme Packet for $2 billion.
How much do you know about the cloud? Take our quiz!
Tesla makes key advances toward advanced self-driving rollout in China as chief Elon Musk meets…
New UK rules bring in basic security requirements for millions of internet-connected devices, aiming to…
Google parent Alphabet sees market capitalisation surge over $2tn on plan to over first-ever cash…
Google asks Virginia federal court to dismiss case brought by US Justice Department and eight…
Snapchat parent Snap reports user growth, revenues in spite of tough competition, in what may…
Quick-growing fast-fashion company Shein must comply with most stringent level of EU digital rules after…