TechTaffy

tech:

taffy

VMware to acquire CloudHealth Technologies

By TechTaffy Desk

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]

Just in

Series E

Vercel raises $250M

San Francisco-based Vercel, a frontend cloud platform provider, has secured $250 million in Series E funding, bringing the company's valuation to $3.25 billion.
Series A

Worky raises $6M (Mexico)

Mexico City-based Worky, a provider of HR and payroll software solutions for Mexican companies, has closed a $6 million Series A financing round.
Industry

Amazon announces $1.31B investment in France

Amazon has announced a new investment of about $1.31 billion (€1.2 billion) in France, which the company says will lead to the creation of over 3,000 permanent jobs in the country.
Around the web

Amazon Web Services CEO Adam Selipsky to step down — CNBC

Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month. Matt Garman, senior vice president of sales and marketing at Amazon Web Services, will succeed Mr. Selipsky after he exits the company June 3, writes Annie Palmer. 
AI

Palo Alto Networks, Accenture expand alliance to offer generative AI services

Palo Alto Networks and Accenture have announced the expansion of their strategic alliance to provide new offerings that combine Palo Alto Networks' Precision AI technology with Accenture's secure generative AI services.