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Oracle snags cloud startup Ravello in deal said to be worth $500m

Oracle snags cloud startup Ravello in deal said to be worth $500m

February 23, 2016

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Oracle is acquiring cloud startup Ravello in a dealreportedly 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.

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