Ravello Co-founder and Chief Executive Rami Tamir, wrote in a letter about the deal:
“Ravello will join in Oracle’s IaaS mission to allow customers to run any type of workload in the cloud, accelerating Oracle’s ability to help customers quickly and simply move complex applications to the cloud without costly and time-consuming application rewrites.”
|Image credit: TechnoBuffalo|
Founded in 1977 and headquartered in Redwood City, California, Oracle provides enterprise software and computer hardware products and services. It also develops and builds tools for database development, enterprise resource planning software (ERP), customer relationship management software (CRM), and supply chain management software or SCM.
Oracle is rapidly trying to accelerate its cloud business, taking some strategically important acquisitions. In August, it acquired Maxymiser, a maker of cloud-based consumer personalisation software. And in December, it acquired StackEngine, a Docker container operations management startup for undisclosed amount. And earlier this year, it snatched AddThis, a company best known for a share bar that connects social media outlets to web publishers and blog owners, to boost its marketing capabilities.