Oracle announced this week its intention to acquire Ravello systems. The deal, which VentureBeat reported was worth $500 million, was announced by way of a scant two sentence on the Oracle website.
Ravello has been around for a few years. in its initial guise, it was all about helping organizations “cloudburst” – that is to move peak demand application load from on-premises in infrastructure into the cloud. This was a space where many companies were trying to play, CliQr, AppZero, CloudSwitch, and CloudVelocity where all in the general space.
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