In a merger of cloud solutions providers, Virtustream has entered into a definitive agreement to acquire Enomaly, which makes software for private cloud management and also operates the SpotCloud marketplace for buying and selling cloud capacity. Terms of the deal were not disclosed.
"We have talked to every emerging player in the space and believe Virtustream has both the IP and the people to be the leader in cloud technology solutions geared for the complex enterprise," said Reuven Cohen, founder and CTO of Enomaly. "We are very excited to be joining the team."
SpotCloud is an online marketplace bringing together buyers and sellers in a cloud capacity clearinghouse and marketplace. Cloud providers can use SpotCloud to sell inventory that would otherwise go unsold, enabling increased utilization and revenue. By selling through SpotCloud, providers can monetize inventory without undermining their standard pricing. For end users, SpotCloud provides a venue to discover and buy computing capacity, based on performance, cost and location parameters – all accessible through a web dashboard and API.
Virtustream says it will delay the production launch of SpotCloud 1.0 to enhance its robustness and security, and will inprove SpotCloud's ability to exchange workloads with the xStream Infrastructure Unit (IU), a "cloud atomic element" developed by Virtustream. The xStream IU is an extensible container of compute, memory, bandwidth and IOPS, smaller than a virtual machine.
Virtustream says it will continue to support released versions of Enomaly's software products, and will integrate features of SpotCloud into future product suites. Virtustream's xStream cloud platform managed private clouds either in an on-premises data center or on public cloud platforms.
Virtustream also was attracted by Enomaly's presence in the Asia-Pacific market.
"Enomaly has gained its most significant market traction in AsiaPac, specifically China," said Rodney Rogers, chairman and CEO of Virtustream. "This acquisition allows us to leverage their customer base in this region and to expand upon it by bringing these customers a much broader capability set with the xStream Cloud Platform."