EQS Group-News: SoftwareONE Holding AG / Key word(s): Acquisition
SoftwareONE acquires GorillaStack to accelerate its cloud management
capabilities for AWS and Azure
2020-05-20 / 07:01
Media Release
*SoftwareONE acquires GorillaStack to accelerate its cloud management
capabilities for AWS and Azure*
Stans, Switzerland, 20 May 2020 - SoftwareONE Holding AG, a leading global
provider of end-to-end software and cloud technology solutions, today
announced that it has acquired GorillaStack, a cloud cost management and
real-time event monitoring Software as a Service (SaaS) platform for Amazon
Web Services (AWS). In line with SoftwareONE's strategy, this acquisition
will add capabilities within automation and security for the cloud, thereby
accelerating its roadmap towards an innovative cloud management platform.
This platform will also be made available to Microsoft Azure customers in
the near term.
GorillaStack (Gorillastack.com [1]) was co-founded in Sydney, Australia in
2015 by CEO Oliver Berger and CTO Elliott Spira. Today, it is one of only
fifteen organizations worldwide to have achieved AWS Cloud Management Tools
Competency status for resource and cost optimization.
The company's cloud management capabilities will be added to SoftwareONE's
market leading PyraCloud, which provides a comprehensive spend management
platform for software and cloud environments. The addition of GorillaStack
will enhance the end-to-end value proposition for SoftwareONE's 65,000+
customers, adding comprehensive cloud management capabilities to manage,
optimize and automate hyperscale cloud platforms. GorillaStack will also
continue to be available to customers on a standalone basis as "GorillaStack
by PyraCloud".
"This acquisition will enhance PyraCloud as a unique platform in the market
by horizontally integrating the digital software supply chain and allowing
customers to manage their assets in a hybrid, multi-cloud environment.
Furthermore, this transaction reflects SoftwareONE's ability to secure
attractive capability-led acquisition opportunities, even during the most
challenging times," said Dieter Schlosser, SoftwareONE CEO.
Oliver Berger, GorillaStack CEO, said "We are excited about joining
SoftwareONE and bringing market-leading cloud management and real-time
security capabilities to customers globally".
No financial details or transaction terms have been disclosed.
*CONTACT*
Panthea Derks, Media Relations
Tel. +41 44 832 82 03, panthea.derks@softwareone.com
Anna Engvall, Investor Relations
Tel. +41 44 832 41 37, anna.engvall@softwareone.com
*ABOUT SOFTWAREONE*
SoftwareONE is a leading global provider of end-to-end software and cloud
technology solutions, headquartered in Switzerland. With capabilities across
the entire value chain, it helps companies design and implement their
technology strategy, buy the right software and cloud solutions at the right
price, and manage and optimize their software estate. Its offerings are
connected by PyraCloud, SoftwareONE's proprietary digital platform, that
provides customers with data-driven, actionable intelligence. With around
5,400 employees and sales and service delivery capabilities in 90 countries,
SoftwareONE provides around 65,000 business customers with software and
cloud solutions from over 7,500 publishers. SoftwareONE's shares (SWON) are
listed on SIX Swiss Exchange. For more information, please visit
SoftwareONE.com [2].
SoftwareONE Holding AG, Riedenmatt 4, CH-6370 Stans
*CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION*
This media release may contain certain forward-looking statements relating
to the group's future business, development and economic performance. Such
statements may be subject to a number of risks, uncertainties and other
important factors, such as but not limited to force majeure, competitive
pressures, legislative and regulatory developments, global, macroeconomic
and political trends, the group's ability to attract and retain the
employees that are necessary to generate revenues and to manage its
businesses, fluctuations in currency exchange rates and general financial
market conditions, changes in accounting standards or policies, delay or
inability in obtaining approvals from authorities, technical developments,
litigation or adverse publicity and news coverage, each of which could cause
actual development and results to differ materially from the statements made
in this media release. SoftwareONE assumes no obligation to update or alter
forward-looking statements whether as a result of new information, future
events or otherwise.
End of Corporate News
Language: English
Company: SoftwareONE Holding AG
Riedenmatt 4
6370 Stans
Switzerland
Phone: +41 44 832 41 69
E-mail: info.ch@softwareone.com
Internet: www.softwareone.com
ISIN: CH0496451508
Valor: A2PTSZ
Listed: SIX Swiss Exchange
EQS News ID: 1051299
End of News EQS Group News Service
1051299 2020-05-20
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(END) Dow Jones Newswires
May 20, 2020 01:01 ET (05:01 GMT)
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