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  • Creathor Venture Management GmbH
  • Schwedenpfad 24
  • 61348 Bad Homburg
  • http://www.creathor.de
  • Ansprechpartner
  • Ute Molders
  • +49 (6172) 13972-0

cloudControl, a Portfolio Company of Creathor Venture, acquires dotCloud PaaS business from Docker, Inc.

(PresseBox) (Bad Homburg, ) cloudControl, Inc., the US subsidiary of the Berlin, Germany headquartered PaaS pioneer cloudControl GmbH, today announced that it has entered into a definitive agreement to acquire Docker's dotCloud PaaS business for an undisclosed amount. dotCloud PaaS launched in 2011 as one of the first multi-language platforms and has since grown into one of the leading US-based PaaS providers. The acquisition positions cloudControl to expand its leading EU-centric public PaaS business to the important US market.

Since its Series A investment in July 2011, Creathor Venture has been cloudControl's lead investor and worked intensively with cloudControl's management in developing the company's strategy and scaling internationally. Christian Stein, Partner at Creathor Venture, comments: "The fact that a major US player is willing to sell its PaaS business to cloudControl is a great sign of trust in cloudControl's technology and outstanding team expertise. Worldwide, there are less than a handful of independent PaaS companies which combine these factors to be able to develop and operate such a complex technology platform. At the same time, this is a great opportunity for cloudControl's internationalization."

Philip Strube, founder and CEO of cloudControl, adds: "My co-founders and I always shared the vision to build a truly global technology company, something that despite Germany's economic power seems very rare. It's a unique opportunity to kickstart our US market expansion with an established brand and customer base and will allow us to continue our exceptional company growth."

The strong and fast-growing customer base in the EU and in the US and the unique white label partnership model further assure cloudControl's position as one of the leading PaaS companies in the world.

About cloudControl

cloudControl is Europe's Platform-as-a-Service (PaaS) pioneer, developing and running a leading multi-language PaaS since 2009. Designed for agility, efficiency and reliability, the cloudControl platform supercharges development of applications and business solutions by enabling rapid innovation cycles. cloudControl's PaaS offering caters to developers, service providers, and enterprise clients with public, private and hybrid cloud models. cloudControl is widely recognized for both its technology and credibility as a cloud service provider by leading analyst firms including in the Gartner Magic Quadrant for aPaaS. For more information, visit www.cloudcontrol.com and www.whitelabelpaas.info. cloudControl was founded by Philipp Strube, Tobias Wilken and Thomas Ruland and is venture backed by Creathor Venture, IBB Beteiligungsgesellschaft and business angels.

About Docker

Docker, Inc. is the commercial entity behind the open source Docker project, and is the chief sponsor of the Docker ecosystem. Docker is an open platform for developers and sysadmins to build, ship, and run distributed applications. With Docker, IT organizations shrink application delivery from months to minutes, frictionlessly move workloads between data centers and the cloud, and slash infrastructure costs by 50 percent or more. Inspired by an active community and by transparent, open source innovation, Docker has been downloaded 4+ million times and is used by thousands of the world's most innovative organizations, including eBay, Baidu, Yelp, Spotify, Yandex, and Cambridge HealthCare. Docker's rapid adoption has catalyzed an active ecosystem, resulting in more than 20,000 "Dockerized" applications and integration partnerships with AWS, Red Hat, Google, Canonical, IBM, OpenStack, Rackspace, and Cloud Foundry. Docker, Inc. is venture backed by Greylock Partners (Jerry Chen), Benchmark (Peter Fenton), Trinity Ventures (Dan Scholnick), AME Cloud Ventures (Yahoo! Founder Jerry Yang), Insight Venture Partners, Y Combinator, and SV Angel (Ron Conway).

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Creathor Venture Management GmbH

Creathor Venture manages funds of more than EUR 180m and invests in technology-oriented companies and entrepreneurs in the mobile, social,-commerce, e-commerce, media, cloud and life science industry. The management team of Creathor Venture consists of the CEO Dr. Gert Köhler, Cédric Köhler and Karlheinz Schmelig. The team has been investing successfully in the earlystage venture capital business for nearly 30 years. During that time, more than 200 technology companies have been funded, more than 20 international IPOs conducted and many companies were successfully sold. Creathor has achieved exceptional fund returns in the past. Creathor Venture as a paneuropean Venture capital company holds offices in Bad Homburg, near Munich, in Zurich and in Stockholm and supports a portfolio of over 30 innovative companies as lead-investor.

The investors of the current fund include the European Union, through which the fund receives funding from the "Competitiveness and Innovation Framework Programme" (CIP), and the "ERP EIF fund of funds" and the LfA - Gesellschaft für Vermögensverwaltung mbH, both facilities of the European Investment Fund ("EIF"), fund of funds, family offices and entrepreneurs. As the largest investor in Creathor (over EUR 50m) the management underlines its entrepreneurial orientation.