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Cloud.com acquired for an estimated $250 million

  • Release time:2011-07-14

  • Browse:5408

  • 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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