Oracle Acquires Ravello Systems for Undisclosed Sum

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b7feb0fe-5aca-4d99-b689-e26823fa42d4
Date
2/23/2016
Company Name
Ravello Systems
Mailing Address
1121 San Antonio Road Palo Alto, CA 94303 USA
Company Description
Ravello is the industry’s first cloud application platform. This unique infrastructure allows enterprises to take any application and run it in any cloud without any modifications whatsoever.
Website
http://www.ravellosystems.com
Transaction Type
M&A
Transaction Amount
Undisclosed
Transaction Round
Proceeds Purposes
M&A Terms
Financial terms of the transaction were not disclosed by the companies, however Israeli media reported that it was between $400 million and $450 million.