Cloud.com acquired for an estimated $250 million
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Release time:2011-07-14
Browse:5408
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Rumors say that Citrix Systems has just acquired Cloud.com for between $200 million and $250 million . According to and article from TechCrunch,the sale will be announced withing couple of hours .
This is a very interesting sale for domain investors ,as it illustrated how changing technology create a significant opportunity for domainers .
According to TechCrunch :
"“This is another exit for Redpoint Ventures who was the first money in and is having quite a year. Clearwell was bought by Symantec for $390 million. Qihoo went public and is now boasting a $2.5 billion market capitalization. Home Away went public too; it’s now worth $3.3 billion, and Redpoint owns 26% of it. Responsys also went public and is valued at $760 million. Redpoint was the first money in Cloud.com, so although the purchase price isn’t as big, it’s still a nice multiple.”
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