IBM Acquires Israel’s Cloudigo Data Center Company
Pictured Above: The IBM logo. Credit: IBM.
(JNS.org) The American software giant IBM announced its acquisition of the Israeli data center company Cloudigo for an undisclosed sum.
“I am glad to share that IBM acquired Cloudigo. Thank you very much to the amazing Cloudigo Team. Looking forward for our journey in IBM,” Cloudigo co-founder and CEO Eran Gampel wrote on LinkedIn last week.
Cloudigo specializes in building data center infrastructure and is a leading provider of networking services.
Sources referred to the acquisition cost as “small,” the Israeli financial news outlet Globes reported.
“IBM acquired a high-performance team focused on advanced networking technology that moves the networking function from the server to the edge, increasing data center efficiency,” John Considine, general manager of cloud infrastructure services at IBM, wrote in a blog post.
Considine noted the Cloudigo team will work in IBM’s “Cloud Innovation Lab.”
IBM has made several previous acquisitions of Israeli technology companies, including the security software vendor Trusteer for an undisclosed amount believed to be around $1 billion, as well as Israel-based Computing Solutions Leaders for an undisclosed amount that is reportedly about $20 million.