Cloud infrastructure company VMware has bought DynamicOps, a US-based cloud automation company, for an undisclosed sum.
DynamicOps. originated as a spinoff of Credit Suisse’s information technology unit.
Credit Suisse’s Next II corporate venturing group reinvested in DynamicOps’ $11m B round last year, which was led by venture capital (VC) firm Sierra Ventures and joined by VC peer Next World Capital.
Switzerland-based bank Credit Suisse’s former software development group, which spun out in 2008 to form DynamicOps as an independent company, has raised $11m in its series B round.
DynamicOps was formed in January 2008 after Credit Suisse first deployed a virtual infrastructure in 2005 after development by Credit Suisse’s Global Research and Development Group.