
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...