Virtuozzo, an operating system-level server virtualization and cloud infrastructure provider announced on July 20, 2021, the acquisition of OnApp, a London-based cloud solutions provider. The move represents another step Virtuozzo is taking to drive forward the entire cloud industry and CSP’.
The financial terms of the acquisition are still private.
SCHAFFHAUSEN, Switzerland — With the mission to shape the future of cloud service providers, Virtuozzo has been serving end-users with comprehensive, flexible, high-performance cloud infrastructure solutions. The company has been empowering alternative cloud by serving end-users with multi-tenant, high-efficiency virtualization, and hybrid cloud solutions.
Virtuozzo has always been a global leader in virtualization and hyper-converged solutions and recently unveiled the acquisition of OnApp, a complete platform for cloud solution providers. This acquisition is supposed to accelerate cloud IaaS and PaaS products growth in the online marketplace and consolidate workloads.
Cloud Infrastructure Being Future Proof and Flexible
The combination of technologies and methods of Virtuozzo and OnApp directly targets a major evolution in Cloud Service Providers (CSPs), Managed Service Providers (MSPs), and Hosting providers. The outcome will combine Virtuozzo’s simplified virtualization, containerization, and, orchestration capabilities with OnApp’s self-service management platform. Eventually, cloud service providers will gain complete access to cloud infrastructure and platform solutions.
“We always strive to make cloud smart, simple, and flexible to the end-users. The success of CSPs, MSPs, and Web Hosting Providers is our priority. OnApp shares its commitment to Virtuozzo’s extraordinary engineering talent and cloud technologies to advance the cloud infrastructure as a whole. The integration of OnApp with Virtuozzo with OnApp will be a great benefit to the existing clients of both companies and the whole cloud industry.” quoted Ditlev Bredahl, CEO of OnApp.
Initially, Virtuozzo’s primary focus was on high-density server virtualization and software storage and after the acquisition, the company is planning to enhance the existing strategy. The main motive of implementing this new business strategy is to expand hyper-converged infrastructure as it’s being a crucial element to keep businesses secure in cloud infrastructure.
According to Virtuozzo’s stats, there is a 35% increase in the demand for cloud infrastructure and so this is the correct timing for acquisition. Furthermore, as per the 451 research, currently, there are several new marketing opportunities for various cloud service providers and the market growth is going to drive new innovations.
“In Virtuozzo, we are experts in delivering accurate software-defined storage and high-density server virtualization. We have helped businesses and expanded our hyper-converged infrastructure successfully over the past few years. We understand the importance of cloud solutions and making cloud simple and accessible for everyone.” said Alex Fine, Virtuozzo CEO.
The current market timing and customer demands are the main motives of the acquisition. As per the agreement, OnApp will continue its operations as it is and work as a division with Virtuozzo. Only the staff of OnApp will be integrated with Virtuozzo’s original structure. Both of the companies will continue and work independently as post-acquisition integration.
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