The Silicon Review ^Asia

Oracle is all set to acquire cloud startup Ravello in a deal, which is  reportedly said to be worth $500 million. Howevewr, both Oracle and Ravello confirmed the deal but did not disclose the price.

Founded by the team that created the KVM hypervisor, Ravello offers what it calls “nested virtualization” software, with the goal of enabling enterprises to use popular public clouds as an extension of their own data centers. Essentially, the company’s technology promises to let companies take any application environment and spin it up to the cloud on demand.

Ravello’s CEO said in a blog post, said “Ravello will join in Oracle’s IaaS mission to allow customers to run any type of workload in the cloud, accelerating Oracle’s ability to help customers quickly and simply move complex applications to the cloud without costly and time-consuming application rewrites.”

Oracle said Ravello’s employees will join it as part of its Oracle Public Cloud group.As a late entrant to the cloud party, Oracle is now battling competitors such as Amazon Web Services and Microsoft Azure while trying to convince customers to sign up for its own cloud services.

With customers including Arista, Brocade, Red Hat, SUSE and Symantec, the young company seemed to be doing pretty well on its own. As part of Oracle, its offerings should “fit well within and help to extend Oracle’s cloud solutions and services.