Carl@451: “Primarily a cost management and analysis platform, it has roughly 3,500 users and has also grown to cover automation, security and governance with a broad, API-based management platform for the major public clouds: AWS, Azure and GCP. CloudHealth mainly operates in the US, meaning VMware will have to square overseas operations and data management with other jurisdictions – primarily the EU GDPR regulations – going forward.”
Est. $500m valuation. They monitor your cloud costs. Cf. Dr. Cloud Pricing Guy at 451. Still that MoM in the Clouds vision.
“With CloudHealth, VMware not only gets the multi-cloud management solution, it gains its 3000 customers which include Yelp, Dow Jones, Zendesk and Pinterest.”
Coté remember when he met with Kit Colbert at DockerCon EU 2014, and Coté had no idea what this “cloud native” stuff was. Now, it seems like it’s slowly moving to be the new word for PaaS, but more like the under-girding of PaaS. Also, went back to the NEMO recently. They no longer have the closet of dead things, sadly.
Pat’s Pillars: ‘“Superpowers” that are unlocking game-changing opportunities on a global scale – Cloud, Mobile, Artificial Intelligence and the Internet of Things.’
Redis stinkup - the mysteries of making money by actually selling something
Coté: now, what’s the deal here? They closed source some stuff that maybe others had contributed to, taking advantage of good will, and/or they’re just now charging for what used to be free? (Are there other open source scandal scenarios?)
Joab and Lawrence atThe New Stack: “While the core of Redis itself remains under the permissive BSD license, the company has reworded the licensing for some of its add-on modules, in effect blocking their use by third parties offering commercial Redis-based services — most notably cloud providers. Redis Labs was able to make this change because it retains the copyright to the open source code.”
Somehow, this has become a bit in the show. Blame Coté.
Something like ~$360m based on trailing 6 months runrat’ed to 12 trailing. Also, likely non-GAAP reporting (not clear if it’s ACV vs. TCV), but whatever.
Grind and stack: “EBITDA for that period was $56 million, nearly 23 percent year-over-year growth.” So: ~$112m profit, ~31% margins.
That’s the kind of stable (they claim to run 70% of SAP apps), growing cash-throw-off that should make PE people drool on their Patagonia puffy vests: “Following last week's shareholder approval of Micro Focus' proposed sale of SUSE to EQT Partners for $2.535 billion, the transaction is expected to complete in the first quarter of calendar 2019, subject to customary regulatory approvals.”
If my math is right (it’s established that I don’t know how numbers work), clawing in all profits would pay that $2.5bn off by 2026: 8 or 10 years of holding growth and profit %. Of course, you’d sell it off before that.
Conferences, et. al.
Sep 24th to 27th - SpringOne Platform, in DC/Maryland (crabs!) get $200 off registration with the code S1P200_Cote. Also, check out the Spring One Tour - coming to a city near you!
