Oracle Corporation has acquired cloud application hypervisor provider Ravello Systems, Inc.

The price of the acquisition was not officially disclosed but VentureBeat put the price at $500 million.

Founded in 2011, Ravello bills itself as “the industry’s first Cloud Application Hypervisor provider,” and allows enterprises to encapsulate their multi-VM applications and run them anywhere – on-premise or in any cloud – without making any changes whatsoever, implementing a true hybrid cloud.

The company’s platform allows developers, devops and IT to access the unlimited resources of the public cloud through an easy to use Software-as-a-service backend to develop and test their applications, commonly referred to as a “dev/test lab.”

Ravello Systems currently works in partnership with Amazon, Google and VMware to make it simple for companies to set up these dev/test labs on their own cloud systems.

Upon completion of the acquisition, Ravello will become part of the Oracle Cloud but will continue to trade “as is” for the foreseeable future.

“Oracle Cloud offers best-in-class services across a full suite of products in software as a service (SaaS), platform as a service (PaaS), and infrastructure as a service (IaaS),” Ravello Chief Executive Officer Rami Tamir said in a statement.

“Ravello will join in Oracle’s IaaS mission to allow customers to run any type of workload in the cloud, accelerating Oracle’s ability to help customers quickly and simply move complex applications to the cloud without costly and time-consuming application rewrites.”

Cloud push

The new acquisition follows Oracle buying AddThis, Inc. in January and follows a growing list of acquisitions that is getting so long Oracle even has a page dedicated to them.

All of them lead back to one simple idea though: Oracle is rapidly undergoing a cloud push in an effort to increase what they offer so as to take on offerings such as Amazon Web Services and the Google Cloud Platform.

Ravello’s dev/test lab offering is a highly complimentary fit to what Oracle already offers in taking the good cloud fight up to its bigger rivals, or as SiliconANGLE’s Wikibon analyst Bert Latermore described it back in January “Oracle has enunciated a vision for its storage cloud that focuses on lower cost basic storage for along with advanced management that can bridge on premise and the Oracle public cloud”

Prior to acquisition, Ravello had raised $54 million over three rounds from investors including SanDisk Ventures, Sequoia Captial, Northwest Venture Partners, Vintage Investment Partners, and Bessemer.

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