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M&A Deal Summary

Virtuozzo Acquires Jelastic

On October 5, 2021, Virtuozzo acquired information technology company Jelastic

Acquisition Highlights
  • This is Virtuozzo’s 1st transaction in the Information Technology sector.
  • This is Virtuozzo’s 1st transaction in the United States.
  • This is Virtuozzo’s 1st transaction in California.

M&A Deal Summary
Date 2021-10-05
Target Jelastic
Sector Information Technology
Buyer(s) Virtuozzo
Deal Type Add-on Acquisition

Target

Jelastic

Palo Alto, California, United States
Jelastic is a Multi-Cloud DevOps PaaS for ISVs, telcos, service providers, and enterprises needing to speed up development, reduce the cost of IT infrastructure, improve uptime and security. The platform automates the creation, scaling, clustering, and security updates of cloud-native and traditional applications. Jelastic was founded in 2011 and is based in Palo Alto, California.

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Buyer(S) 1

Buyer

Virtuozzo

Schaffhausen, Switzerland
Category Company
Founded 2015
Sector Information Technology
DESCRIPTION

Virtuozzo is a global provider of hybrid virtualization, storage, and cloud enablement software solutions. The Company's software-defined, hyperconverged self-service platform and resource management capabilities enable hosting and service providers to provide end-customers with public and private cloud services. It provides software solutions and services to over 450 service providers, ISVs, and enterprises worldwide to enable over 500 thousand virtual environments, running mission-critical cloud workloads. A significant force in the open-source community, Virtuozzo sponsors and/or is a contributor to numerous open-source projects including KVM, Docker, OpenStack, OpenVZ, CRIU, and the Linux kernel. Virtuozzo was formed in 2015 and is based in Schaffhausen, Switzerland.

DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 OnApp

London, United Kingdom

OnApp provides a complete Infrastructure-as-a-Service (IaaS) software platform for hosting companies, cloud providers, managed service providers, and telecoms companies. OnApp was formed in 2010 and is based in London.

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