Enterprise Software - Tuesday, February 26, 2008
Novell Pays $205M For Virtualization's Platespin
Toronto-based PlateSpin, which makes workload management software for virtualized data centers, has been bought by Novell for 205M in cash. This is a crushing win for management and investors who had managed the deal after just $17M had been put in. Investors in PlateSpin included Insight Venture Partners, OpenView Venture Partners, CastleHill Ventures, Covington Capital and Skylon Capital.
PlateSpin reported $20M in revenues last year. It is in the white hot virtualization space where it manages to play nice with other industry players from VMWare to Citrix and Microsoft. In January, PlateSpin began selling hardware preloaded with its software. PlateSpin Forge is a disaster recovery appliance that can protect the workloads of 25 servers by hosting duplicated workloads as virtual machines. In the event of a failure, the appliance takes over and substitutes for the troubled server.
If you have some time to kill, check PlateSpin's commercial
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