Dell Technologies has announced the acquisition of Cloudify, a leading cloud management platform provider, to enhance its cloud management capabilities and provide customers with more comprehensive cloud solutions.
Acquisition Details
The acquisition, which is valued at $100 million, will enable Dell to leverage Cloudify's advanced cloud management platform to provide customers with more efficient and scalable cloud solutions.
Michael Dell, Dell's CEO, stated that the acquisition is a key step in the company's efforts to provide customers with the most advanced and comprehensive cloud solutions.
The acquisition is expected to increase Dell's cloud revenue by 20% within the next year.