& cplSiteName &

GigaSpaces Spins Off Cloudify as Standalone Company

Scott Ferguson

GigaSpaces Technologies is spinning off its Cloudify division into its own, standalone company that will focus specifically on network functions virtualization (NFV), as well as management and orchestration of cloud applications for enterprises.

The two companies are already functioning as separate entities although a formal split is slated for a little later this year, Nati Shalom, the CTO and founder of Cloudify, wrote in an email to Enterprise Cloud News prior to Thursday's announcement.

"Practically speaking, we are already operating as a separate company with different sales staff, marketing, R&D, website, etc.," Shalom wrote. "However, the regulatory approval should be completed between the end of Q3 and mid-Q4."

When the split is complete, Cloudify will be a self-owned, private company with about 60 employees. Shalom noted that a permanent CEO will be named when the spinoff is complete later this year.

(Source: iStock)
(Source: iStock)

In a July 27 statement, the two companies noted that this spinoff has been in the works since 2016. Shalom noted that Cloudify's financial performance over the last six months helped make the final decision.

"We're announcing it now because we experienced significant Cloudify growth and exceeded our target revenue for H1 of 2017," Shalom wrote. "Based on this success, the Cloudify management and board voted to move forward with the transaction, and allow the company to accelerate the current growth pattern."

As a standalone firm, Cloudify plans to focus on cloud computing in the enterprise, as well as with carriers, telecoms and service providers. The company currently works with private cloud developers, including OpenStack and VMware, as well as the big three public cloud platforms: Amazon Web Services, Microsoft Azure and Google's Cloud Platform.

Keep up with the latest enterprise cloud news and insights. Sign up for the weekly Enterprise Cloud News newsletter.

Cloudify has also started to work with various container technologies, including the Google-backed Kubernetes, as part of its management and orchestration offerings.

The company uses the open source Topology and Orchestration Specification for Cloud Applications (TOSCA) language to build its platform and to connect hybrid clouds to the networking layer. Cloudify is also part of the Apache Project ARIA, which looks to accelerate TOSCA adoption in the enterprises, as well as with telcos.

After the spinoff, GigaSpaces will continue to focus on its in-memory offerings, which are also based on open source software.

Related posts:

— Scott Ferguson, Editor, Enterprise Cloud News. Follow him on Twitter @sferguson_LR.

(1)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
More Blogs from Scott Ferguson
From its roots in industrial farm machinery and other equipment, John Deere has always looked for a technological edge. About 20 years ago, it was GPS and then 4G LTE. Now it's turning its attention to AI, machine learning and IoT.
Artificial intelligence and automation will become more integral to the enterprise, and 90% of all apps will have integrated AI capabilities by 2020, according to Oracle CEO Mark Hurd.
IBM is now offering access to Nvidia's Tesla V100 GPUs through its cloud offerings to help accelerate AI, HPC and other high-throughput workloads.
CIO Rhonda Gass is spearheading an effort to bring more automation and IoT to the factories making Stanley Black & Decker tools and other equipment.
Workday is looking to build out its machine learning and artificial intelligence capabilities with the acquisition of startup SkipFlag.
Featured Video
From The Founder
John Chambers is still as passionate about business and innovation as he ever was at Cisco, finds Steve Saunders.
Flash Poll
Upcoming Live Events
June 26, 2018, Nice, France
September 12, 2018, Los Angeles, CA
September 24-26, 2018, Westin Westminster, Denver
October 9, 2018, The Westin Times Square, New York
October 17, 2018, Chicago, Illinois
October 23, 2018, Georgia World Congress Centre, Atlanta, GA
November 7-8, 2018, London, United Kingdom
November 8, 2018, The Montcalm by Marble Arch, London
November 15, 2018, The Westin Times Square, New York
December 4-6, 2018, Lisbon, Portugal
All Upcoming Live Events
Hot Topics
NFV Is Down but Not Out
Iain Morris, News Editor, 5/22/2018
Trump Denies ZTE Deal, Faces Senate Backlash
Dan Jones, Mobile Editor, 5/22/2018
What VeloCloud Cost VMware
Phil Harvey, US News Editor, 5/21/2018
5G in the USA: A Post-BCE Update
Dan Jones, Mobile Editor, 5/23/2018
Vanquished in Video, Verizon Admits OTT Defeat
Mari Silbey, Senior Editor, Cable/Video, 5/23/2018
Animals with Phones
Live Digital Audio

A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.

Like Us on Facebook
Twitter Feed