Google buys Israeli cloud migration co Velostrata

Issy Ben-Shaul and Ady Degany
Issy Ben-Shaul and Ady Degany

No financial details were disclosed. Velostrata has raised $31.5 million to date.

Google Inc. (Nasdaq: GOOG) has acquired Israeli cloud migration company Velostrata. No financial details were disclosed. Headquartered in San Jose, California with R&D in Netanya, Israel, Velostrata was founded in 2014 by CEO Issy Ben-Shaul, and Chief Product Officer Ady Degany. The company has raised $31.5 million to date from investors including Norwest Venture Partners and 83 North.

Velostrata CEO Issy Ben-Shaul wrote on a website blog," Today, I am excited to announce that Velostrata has signed an agreement to join Google Cloud, subject to customary closing conditions! When we started Velostrata back in 2014, we laid out a clear vision - to simplify and accelerate enterprise transition to cloud."

He continued, "After seeing enterprise customers struggle to unchain their massive workloads from their data-centers and find a viable yet safe cloud strategy, we knew there must be a better way. To realize that vision, we assembled a core team of systems and WAN optimization experts that had worked together for many years, and developed a breakthrough technology - real-time agentless workload streaming."

"Velostrata’s patented solution allows workloads to transparently migrate to the public cloud in minutes by decoupling compute from storage without degrading performance. Workloads are adapted on the fly for cloud execution. Customers can either migrate their entire data-centers or operate in a hybrid cloud environment and migrate workloads on-demand."

"To date, we have successfully mobilized many enterprise customers to cloud at scale, migrating thousands of servers with complex workloads and large databases - with minimal downtime and a simplified deployment. We are most grateful to our great customers and partners who trusted us and let us serve their most demanding production workloads, including top brands in healthcare, finance, energy and the public sector."

"Over the years, Google Cloud has made significant investments in building a robust global cloud infrastructure that delivers industry-leading availability, reliability and security. Google Cloud continues to innovate with advanced compute and services platforms. We are proud to join forces and help pave the way for enterprise customers to transform their most demanding enterprise workloads on Google Cloud Platform."

"Finally, I would like to thank our investors for their support and guidance, and most of all our amazing Velostrata team and their families for their extreme dedication, loyalty and perseverance. We are truly excited about the future ahead of us and looking forward to continuing the journey together as part of Google Cloud when the deal closes."

Google Cloud VP engineering Eyal Manor said, "This acquisition, subject to closing conditions, will add to our broad portfolio of migration tools to support enterprises in their journey to the cloud. That way, businesses can simplify their onboarding process to Google Cloud Platform, and easily migrate workloads to Google Compute Engine."

Published by Globes [online], Israel business news - - on May 9, 2018

© Copyright of Globes Publisher Itonut (1983) Ltd. 2018

Issy Ben-Shaul and Ady Degany
Issy Ben-Shaul and Ady Degany
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