From PC World: Oracle is acquiring cloud startup Ravello in a deal reportedly worth $500 million.
Founded by the team that created the KVM hypervisor, Ravello offers what it calls "nested virtualization" software, with the goal of enabling enterprises to use popular public clouds as an extension of their own data centers. Essentially, the company's technology promises to let companies take any application environment and spin it up to the cloud on demand.
Oracle and Ravello confirmed the deal but did not disclose the price.
"Ravello will join in Oracle’s IaaS mission to allow customers to run any type of workload in the cloud, accelerating Oracle’s ability to help customers quickly and simply move complex applications to the cloud without costly and time-consuming application rewrites," Ravello's CEO said in a blog post.
Oracle said Ravello's employees will join it as part of its Oracle Public Cloud group.
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