VMware has signed a definitive agreement to acquire cloud operations platform company CloudHealth Technologies. The transaction is expected to close in VMware’s fiscal Q3 2019, subject to customary closing conditions, including regulatory approvals.
Financial terms of the deal were not disclosed, but according to a Reuters report the sticker price is roughly $500 million.
Once the CloudHealth Technologies deal is closed, VMware cloud automation services, VMware Secure State and Wavefront by VMware will deliver automation and compliance, security and governance, insights and analytics to complement CloudHealth Technologies’ capabilities, VMware said in a statement.
CloudHealth Technologies helps analyze and manage cloud cost, usage, security, and performance centrally for native public clouds. The company has over 3,000 customers; including Pinterest, Yelp, Dow Jones, Zendesk, Skyscanner and SHI, according VMware.CloudHealth Technologies is backed by Kleiner Perkins, Meritech, Sapphire Ventures, Scale Venture Partners, .406 Ventures and Sigma Prime Ventures.
[Image courtesy: CloudHealth Technologies]