Boston’s CloudHealth Technologies is getting a buyer in the form of California-based VMWare.
The Palo Alto company will pay a reported $500 million for CloudHealth’s cloud management platform, which lets companies automate their cloud environments, and control and analyze the cost, security and performance of their computing environments in native public clouds like Amazon Web Services, Microsoft’s Azure and Google Cloud.
“As organizations scale their cloud environments and expand the use cases, they struggle with how to leverage a multi-cloud model to drive business transformation,” said Tom Axbey, president and CEO of CloudHealth Technologies in a statement. “We are thrilled to combine with VMware to address this challenge by delivering a suite of multi-cloud management services that accelerate digital transformation.”
CloudHealth, which has received more than $85 million in total funding, currently has more than 3,000 global customers including Pinterest, Yelp, Dow Jones, Zendesk, Skyscanner and SHI.
The acquisition will allow VMware to “radically simplify” operations across multiple native public clouds, according to the company.
The acquisition is expected to close this quarter, subject to customary closing conditions.
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