Virtuozzo Acquires OnApp

mikho

A week old news but it wasn’t mentioned here (unless I missed it).

Terms of the transaction were not disclosed. Per the agreement, OnApp will continue operation as a division of Virtuozzo with OnApp’s staff integrating into Virtuozzo’s organizational structure. Business will continue as usual with Bredahl assisting with post-acquisition integration.

https://www.businesswire.com/news/home/20210720005004/en/Virtuozzo-Acquires-OnApp-Enabling-More-Comprehensive-Intuitive-Cloud-Infrastructure-Solutions-for-Service-Providers

Ympker

Let's see where this is headed. Two names I haven't heard much about in a while (blame it on me).

TheDP

The founder of OnApp didn't comment or say anything about it when I tagged him on the OGF on this same topic

mikho

@thedp said:
The founder of OnApp didn't comment or say anything about it when I tagged him on the OGF on this same topic

Probably not allowed.
External communications about it is handled by their marketing/communication department

lentro

Interesting, I would assume OnApp would be worth more money / have more on cash so I would have expected the transaction to happen the other way around.

InceptionHosting

@lentro said:
Interesting, I would assume OnApp would be worth more money / have more on cash so I would have expected the transaction to happen the other way around.

Definitely not the other way around compared to the conglomerate that Virtuozzo is part of, OnApp is to Virtuozzo as your big Toe is to you