Wednesday, June 3, 2015

Blue Box Acquired By IBM

Seattle-based OpenStack hosting provider Blue Box has been acquired by IBM, as IBM looks to build out its cloud services provider. Financial terms of the buy were not disclosed. Blue Box provides businesses with managed, private cloud services using the OpenStack cloud software stack. Blue Box was venture backed by Voyager Capital and Founder Collective, and had only raised $24M so far in funding, including a round in January. Blue Box's CEO and founder is Matthew Schiltz.