Monday, September 22, 2014

Ericsson Acquires Majority Stake in Apcera for Cloud Automation Tools

Ericsson will acquire a majority stake in Apcera, a San Francisco-based start-up developing an IT platform-as-a-service (PaaS) that enables enterprises to securely and transparently control the allocation and consumption of IT resources on premise and in the cloud. Financial terms were not disclosed.

Apcera's Continuum PaaS works across cloud, on premise and hybrid environments.

Ericsson said the addition of Apcera's technology enables it to provide cloud automation to run all workloads and use cases, while providing complete control for infrastructure.

Jason Hoffman, Vice President and Head of Product Line Cloud Software, Ericsson says: "The beauty of the cloud is that it is much more efficient to develop, roll-out and operate applications. To realize the full potential, cloud environments need security and governance, which our partnership with Guardtime and our acquisition of a majority stake in Apcera provides. With these technologies in place, enterprises and individuals can trust the integrity and the confidentiality of their infrastructure."

Derek Collison, founder and Chief Executive Officer of Apcera says: "We welcome Ericsson's backing. With a history of transforming the world's most demanding businesses and the global ability to deploy and scale critical infrastructure, Ericsson will enable us to accelerate our innovation of Continuum and provide enterprises the next-generation platform that enables them to achieve a significantly faster time-to-market as they deploy, orchestrate and govern a diverse set of workloads, both on premise and in the cloud."

http://www.ericsson.com
http://www.apcera.com


  • Apcera was founded in 2012 with investment from True Ventures, Kleiner Perkins Caufield & Byers, Rakuten, Andreessen Horowitz and Data Collective. The cinoabt was started by former Google and VMware executive Derek Collison with the intent of bridging the divide between developers and ops organizations with an enterprise-class platform that integrates policy and security from the start.


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