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Loudcloud Gets Quieter
EDS has agreed to buy the bulk of Loudcloud's business -- outsourced Internet operations services -- for about $64 million, with another $52 million to be paid out in software licensing fees over the next three years.
The sale means that Loudcloud (now changing its name to Opsware) will instead focus its future on packaged IT asset management software or software that automates the IT lifecycle including “provisioning, deploying, changing, scaling, securing, recovering, consolidating, auditing and reallocating servers and business applications.”
The sale value is for considerably less than the company's $150 million IPO marketcap last year, but represents a premium of about 40 cents over its trading low of $1.12 per share.
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