EMC Has Acquired the Assets of Adaptivity
Signal Hill is pleased to announce that certain assets of our client Adaptivity, a leading provider of software solutions that automate and accelerate enterprise IT migration to the Cloud, have been acquired by EMC, the global leader in storage solutions and IT as a service (ITaaS). Adaptivity is backed by Noro-Moseley Partners, Intersouth Partners and Intel Capital. Terms of the transaction will not be disclosed.
Adaptivity provides solutions that accelerate enterprise Cloud transformations. The Company's SaaS-based solutions provide intelligent Cloud decisioning that determines Cloud suitability for each application, Cloud selection (public, private, managed or hybrid), including required capacity, and the most efficient migration path for each application. Adaptivity's solutions enable enterprises to eliminate complex analysis, improve accuracy and expose the risks of Cloud transformation before making the transition.
EMC enables businesses and service providers to transform their operations through the delivery of ITaaS. Cloud computing is essential to most of today's enterprises -- EMC's innovative products and services ease and accelerate the transition to cloud computing, helping IT departments store, manage, protect and analyze information in an agile, trusted and cost-effective way.
"We were honored to work with a leading edge technology company of Adaptivity's caliber," said Chase Sanders, Managing Director at Signal Hill. "Adaptivity's solutions automate the heretofore extremely labor intensive, manual process that virtually all large enterprises must grapple with: how to move their applications and IT infrastructure to the cloud. Three first rate venture capital firms appreciated the power of this technology enough to sponsor the business, and we were pleased to help them realize an exit to one of the leading brands in IT."