Virtuozzo acquires Jelastic to strengthen its position in the cloud service market

Virtuozzo introduced it has acquired the expertise and enterprise of Jelastic, a multi-cloud Platform-as-a-Service (PaaS) software program firm, following a 10-year partnership.

Bringing Jelastic’s platform and software administration capabilities in-house completes Virtuozzo’s core expertise stack, delivering a completely built-in resolution that helps all related anything-as-a-service (XaaS) use instances—from shared internet hosting to VPS to cloud infrastructure, software-defined storage and software administration and modernization.

Virtuozzo provides the first totally built-in, easy-to-use and cost-efficient cloud resolution designed for Cloud Service Providers, Managed Service Providers, Hosting Service Providers and their small and medium-sized enterprise (SMB) prospects. Virtuozzo additionally helps service suppliers improve profitability by offering a complete portfolio of providers and administration instruments.

Many PaaS distributors concentrate on a single-purpose providing. Jelastic, nonetheless, provides a sturdy, multi-purpose resolution that, by way of the acquisition, will position Virtuozzo as a robust participant in the PaaS market and additional strengthen Virtuozzo’s position general in the quickly rising cloud providers house.

“Virtuozzo and Jelastic have been sturdy companions over the previous 10 years due to our complementary applied sciences and merchandise,” stated Alex Fine, CEO of Virtuozzo. “Virtuozzo containers have been integrated into Jelastic’s Platform-as-a-Service for virtualization since that resolution’s inception. Together, our engineering groups have co-developed options to allow options required by the market all through our partnership. And now, with Jelastic becoming a member of our staff, Virtuozzo can supply an entire, enterprise-grade, turnkey cloud enablement platform with totally built-in orchestration and a single level of administration.”

Service suppliers need simplicity, automation and selection

Service suppliers demand simplification and automation in container and cloud administration. Jelastic has been offering a confirmed production-ready platform to cowl these wants for years. The acquisition allows tighter integration and seamless enhancements.

In addition, service suppliers require a wider set of merchandise to supply to finish customers. “Freedom of selection” is the core mantra that runs all through the Jelastic ecosystem. Customers can select varied options and providers, various kinds of workloads and administration via an automatic orchestration.

“Our firms are utterly aligned and deeply perceive the challenges and alternatives in the service supplier business the place Platform-as-a-Service enablement is the key in the means of SaaS-ification and digitalization of its prospects,” stated Jelastic CEO Ruslan Synytsky. “Our joint companions will profit from this acquisition since collectively we turn out to be a one-stop store for Anything-as-a-Service, making it simpler to get no matter they want for his or her customers. The joint forces will speed up the innovation and product growth cycles. Together we are able to elevate the bar for the business requirements with the assist of our distinctive applied sciences that remedy actual issues of the cloud customers.”

Platform-as-a-Service market reveals sturdy development

In 2022, the PaaS market is estimated to be value roughly $71 billion U.S. {dollars} based mostly on Gartner analysis. Cloud providers (akin to PaaS) are anticipated to develop by a excessive margin at round 27%.

The elevated adoption of PaaS amongst service suppliers is pushed by the end-users’ demand for entry to easy-to-manage, excessive performing and scalable options.

By buying Jelastic, Virtuozzo may also help its service supplier companions obtain excessive ROI by each attracting new end-users and retaining current prospects via enabling XaaS use instances, offering extra superior automation and simplifying their very own DevOps processes.

Business continues as common, with Jelastic now working as a division of Virtuozzo—underscoring the worth in Jelastic’s model and applied sciences. Ruslan Synytsky has been appointed to Chief Technology Officer of Virtuozzo.

Integration of Jelastic’s gross sales and advertising groups will broaden Virtuozzo’s worldwide footprint and model visibility; and integration of Jelastic’s engineering sources will allow Virtuozzo to speed up its full stack providing and supply a richer expertise throughout a number of cloud suppliers.

Terms of the transaction weren’t disclosed.

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