DynamicOps sells to VMware

Jul 4, 2012 • Toby Lewis

Cloud infrastructure company VMware has bought DynamicOps, a US-based cloud automation company, for an undisclosed sum.

DynamicOps. originated as a spinoff of Credit Suisse’s information technology unit.

Credit Suisse’s Next II corporate venturing group reinvested in DynamicOps’ $11m B round last year, which was led by venture capital (VC) firm Sierra Ventures and joined by VC peer Next World Capital.

Switzerland-based bank Credit Suisse’s former software development group, which spun out in 2008 to form DynamicOps as an independent company,…

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