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July 12, 2011 04:30 pm GMT
TechCrunch has learned that Citrix Systems is buying Cloud.com for between $200 million and $250 million. The deal should be announced within the hour. Cloud.com gives companies their own private EC2-like infrastructure. The team has built the company in just a few years, boasting massive clients with demanding infrastructure needs like Zynga,Tata, and other huge undisclosed tech names. Cloud.com was funded by Redpoint Ventures, Nexus Capital and Index Ventures.Of course the big question is with things going so well, why would Cloud sell? In a Valley where companies are either huge and take forever to build or wind up being a quick flip worth less than $100 million, deals this size have become rare. And closing one just two years after its first venture round having raised just $20 million in funding is even rarer. Perhaps the offer was just too life changing for the entrepreneurs to pass up. Who are we to judge that?
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/ymAHmewSr4I/
Citrix Buys Cloud.com for More Than $200 Million; Redpoint Is on a Roll
TechCrunch has learned that Citrix Systems is buying Cloud.com for between $200 million and $250 million. The deal should be announced within the hour. Cloud.com gives companies their own private EC2-like infrastructure. The team has built the company in just a few years, boasting massive clients with demanding infrastructure needs like Zynga,Tata, and other huge undisclosed tech names. Cloud.com was funded by Redpoint Ventures, Nexus Capital and Index Ventures.Of course the big question is with things going so well, why would Cloud sell? In a Valley where companies are either huge and take forever to build or wind up being a quick flip worth less than $100 million, deals this size have become rare. And closing one just two years after its first venture round having raised just $20 million in funding is even rarer. Perhaps the offer was just too life changing for the entrepreneurs to pass up. Who are we to judge that?Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/ymAHmewSr4I/
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