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VMware acquires Heptio

Heptio is the startup founded by 2 of the co-founders of Kubernetes. We had been working on getting some time planned with the CEO Craig McLucki and CTO Joe Beda, but both were “unavailable” to speak. This acquisition might be one of the reasons why.

From Ingrid Lunden’s coverage on TechCrunch:

VMware acquires Heptio — a startup out of Seattle that was co-founded by Joe Beda and Craig McLuckie (two of the three people who co-created Kubernetes back at Google in 2014)

Beda and McLuckie and their team will all be joining VMware in the transaction.

More details can be found on the Heptio blog announcement.

As for the terms of the deal, they “are not being disclosed.” For reference, when Heptio last raised money ($25M Series B in 2017) it was valued at $117M post-money. So, I’m estimating this deal to be in the $300M-$500M range.

To Craig and Joe — first, congrats. Second, we’re still interested in talking with you. Maybe now is a better time and the details you couldn’t share before can now be more freely shared. This is an open invite, to you both!

Congrats also to the team at Heptio for all the hard at work you’re doing to advance Kubernetes and cloud orchestration! What a ride the past few weeks for commercial open source in this recent wave of acquisitions.

Source: https://techcrunch.com/2018/11/06/vmware-acquires-heptio-the-startup-founded-by-2-co-founders-of-kubernetes/


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