Story image

Oracle expands cloud business with new acquisition

26 Feb 2016

Oracle is acquiring Israeli cloud software company Ravello Systems as it seeks to expand its cloud services and speed customers move to the cloud.

While the two companies haven’t disclosed financial details of the sale, Israeli media has reported that Oracle will pay around US$500 million.

Ravello offers a cloud service powered by nested virtualisation, which will join Oracle’s IaaS offering enabling customers to run any type of workload through the cloud.

Oracle has said little about the deal, apart from confirming that it has signed an agreement to acquire Ravello and that all Ravello staff will join Oracle as part of Oracle Public Cloud.

However, Rami Tamir, Ravello Systems chief executive, says the deal will see Ravello’s products become part of Oracle cloud, joining Oracle’s IaaS ‘mission’.

“We believe this agreement will accelerate our ability to reach more customers, deliver more value and enhance our technology at an accelerated,” Tamir said in an open letter on Ravello’s website.

“Oracle Cloud offers best-in-class services across a full suite of products in software-as-a-service, platform-as-a-service and infrastructure-as-a-service,” Tamir says.

“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,” he adds.

Ravello was founded in 2011 by the team behind the KVM hypervisor.

How Dell EMC and NVIDIA aim to simplify the AI data centre
Businesses are realising they need AI at scale, and so enterprise IT teams are increasingly inserting themselves into their company’s AI agenda. 
Orange Belgium opens 1,000 sqm Antwerp data centre
It consists of more than 500 high-density 52 unit racks, installed on the equivalent of 12 tennis courts.
Time to build tech on the automobile, not the horse and cart
Nutanix’s Jeff Smith believes one of the core problems of businesses struggling to digitally ‘transform’ lies in the infrastructure they use, the data centre.
Cloud providers increasingly jumping into gaming market
Aa number of major cloud service providers are uniquely placed to capitalise on the lucrative cloud gaming market.
Intel building US’s first exascale supercomputer
Intel and the Department of Energy are building potentially the world’s first exascale supercomputer, capable of a quintillion calculations per second.
NVIDIA announces enterprise servers optimised for data science
“The rapid adoption of T4 on the world’s most popular business servers signals the start of a new era in enterprise computing."
Unencrypted Gearbest database leaves over 1.5mil shoppers’ records exposed
Depending on the countries and information requirements, the data could give hackers access to online government portals, banking apps, and health insurance records.
Storage is all the rage, and SmartNICs are the key
Mellanox’s Kevin Deierling shares the results from a new survey that identifies the key role of the network in boosting data centre performance.