Oracle Acquires Cloud Migration Startup Ravello

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By The WHIR

Workload cloud migration startup Ravello Systems was acquired on Monday by Oracle to ease enterprise adoption of its public cloud. Oracle is reported to have paid between $400 and $500 million for the California-based company which maintains a research presence in Israel, and Oracle is now expected to open a cloud research and development facility in Israel, according to Ha’aretz.

Ravello was started in 2011 by the team behind the KVM hypervisor. It offers nested virtualization solutions, allowing KVM and VMware workloads to be developed, tested, and demonstrated in the cloud without migration, and migrations to new cloud providers and management platforms without rewriting applications. KVM was passed in benchmark tests by Canonical-backed Linux container hypervisor LXD in May.

According to Ravello, it will continue operating as-is.

“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 CEO Rami Tamir said in a statement.

Current Ravello customers will continue to receive the same service, with additional products and services coming available through the deal. Oracle has confirmed that Ravello’s full team will join Oracle Public Cloud.

Oracle acquired Docker operationalization company StackEngine in December, when it also announced a cloud campus in Austin, Texas, to support the growth of its public cloud business. Verizon, by contrast, announced the closure of its public cloud earlier in February, and gave customers just one month to completely migrate; showing that entrance into the growing industry is far from easy, even for tech giants.

The deal is subject to customary closing conditions.

This first ran at http://www.thewhir.com/web-hosting-news/oracle-acquires-ravello-systems-for-reported-500-million