CSC just acquired cloud startup ServiceMesh

CSC just acquired cloud management startup ServiceMesh for an unspecified sum.

ServiceMesh is a Santa Monica-based startup that aims to give large enterprises a bit more control over the cloud. The company raised $15 million in venture capital from Ignition Partners in 2011 to compete with giants like IBM and HP. It was founded in 2009.

CSC has not revealed the amount it paid for ServiceMesh, although we hear from several sources familiar with the matter that it’s in the $325 million range.

The press release announcing the acquisition is filled with someincomprehensible jargon. Simply put, the buy-up will help an IT infrastructure giant like CSC work with clients who are running applications on different clouds. Increasingly, we’re seeing companies adopt a flexible, hybrid cloud approach.

In August, CSC bought data management startup InfoChimps, which suggests that the company is ramping up its M&A and is keeping a close eye on fast-growing enterprise startups.

This is the second business software acquisition announced in the past 30 minutes. Neustar just revealed that it has acquired Aggregate Knowledge for $119 in cash consideration.

Venture Beat