Big Law

Dell Acquires Cloudify for Nearly $100 Million to Boost Cloud Orchestration Abilities

Dell Technologies Inc. today revealed it has quietly acquired Cloudify Ltd., which sells cloud orchestration tools for enterprises.

Cloudify’s offerings are used by cloud architects and DevOps teams to manage workloads, software containers and other components of multicloud information technology environments.

For reasons unknown, Dell didn’t make any official announcement regarding the acquisition itself. The story was first picked up by TechCrunch, which estimates the value of the deal at about $100 million.

TechCrunch was first approached by sources with knowledge of the deal, and later spotted a Form S-8 filing Dell made with the U.S. Securities and Exchange Commission that spelled out some of the share awards for Cloudify employees that resulted from the deal. Afterwards, Dell finally confirmed the acquisition in an email.

Read the source article at siliconangle.com

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