13 Jul '11, 5am

Cloud.com acquired for an estimated $250 million

Cloud.com acquired for an estimated $250 million Wednesday, 13 July 2011 03:44 Domain News Tweet Share Rumors say that Citrix Systems has just acquired Cloud.com for between $200 million and $250 million . According to and article from TechCrunch,the sale will be announced withing couple of hours . This is a very interesting sale for domain investors ,as it illustrated how changing technology create a significant opportunity for domainers . According to TechCrunch : "“This is another exit for Redpoint Ventures who was the first money in and is having quite a year. Clearwell was bought by Symantec for $390 million. Qihoo went public and is now boasting a $2.5 billion market capitalization. Home Away went public too; it’s now worth $3.3 billion, and Redpoint owns 26% of it. Responsys also went public and is valued at $760 million. Redpoint was the first money in Cloud.com, s...

Full article: http://www.domainnews.com/en/cloudcom-acquired-for-an-est...

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