MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

The Silicon Review Asia

Oracle acquires cloud startup Ravello

Oracle acquires cloud startup Ravello

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.

YOU MAY ALSO LIKE

Marketing Partnership: NBA, McDonald’s Will Jointly open NBA Experience Zones India

There is good news for all basketball fans in India. Very soon, NBA themed promotions and experience zones will be launched in India. The announcement...

Dunzo to Raise Funds from Google, others

Dunzo, the app which is trying to make life easier for the people upto some extent plans to raise about Rs. 183 crore from different investors which a...

Sapta Shakti Command Will Be Displaying Defence Technology Equipment at Jaipur Military Station

This event is organised with an aim to provide an opportunity where one and all can experience the developments in the field of defence and security-r...

Samsung is All Set to Roll out Its Galaxy A9 Smartphone On November 20

After Samsung unveiled its new Galaxy A9 smartphone in Singapore last month, the company is all set to launch it in India on November 20. In Singapore...

RECOMMENDED