Computer-networking software company Citrix Systems acquires Cloud.com
13 Jul 2011
US-based computer-networking software company Citrix Systems today announced that it has acquired Cloud.com, a provider of software infrastructure platforms for cloud providers.
Citrix has paid between $200 million and $250 million for venture capitalists backed three-year-old cloud computing start-up, according to TechCrunch, a technology news website.
Cupertino-based Cloud.com, which has yet to make a profit, had raised around $17.6 million in two funding rounds with venture capital firms Redpoint Ventures, Nexus Capital and Index Ventures.
Cloud.com offers an open-source stack of orchestration and administrative software for running multitenant Infrastructure-as-a-Service (IaaS) cloud deployments, called CloudStack.
Its state-of-the-art CloudStack product line is used by customers such as video games company Zynga, Apple, GoDaddy, and Korea Telecom.
The transition from the personal computers age to the Cloud age is expected to fuel a massive build out in cloud infrastructure, creating a new market projected to exceed $11 billion by the end of 2013, according to industry analysts.