The software automation technology provider has agreed to be taken over by Perforce having raised $127m from investors including Alphabet, Cisco and VMWare.

Software development tool provider Perforce agreed on Monday to acquire US-based software automation technology developer Puppet for an undisclosed sum, allowing corporates Cisco, VMWare and Alphabet to exit.

Formerly known as Puppet Labs, Puppet provides a cloud-based software platform that automates parts of the software development and deployment process, letting developers update and monitor progress across physical and virtual machines.

The company claims to provide services to 85% of the world’s largest banks and 80% of the top technology organisations.…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.