There have been multiple acquisitions in the cloud management space in recent months, with a key reason being the need for hybrid cloud management capabilities.

The colocation giant said the deal would add 500 net new customers, $105 million in annualized revenue.

Sources say the acquisition price of the network health monitoring firm is about $1 billion.

New data center developer, Global Techical Realty, will build facilities for large tech companies, led by Zenium founder, Franek Sodzawiczny.

The two companies had a similar start, but one skyrocketed, while the other plateaued. Silicon Valley trumped London in a next-generation takeover.

The acquisition reflects a broader shift in cybersecurity, driven by containerization.

Startups around the world have been trying to shore up private cash to keep themselves afloat during the coronavirus pandemic.

Its debut $4 billion fund is now more than 73 percent deployed, according to managing partner Marc Ganzi.

Analysts foresee innovation in network automation, bundled ‘turnkey’ solutions.

Kingsoft Cloud is reportedly the third biggest cloud services provider in China by revenue.