Cloud provider Cassatt close to evaporating
Cassatt, one of the first companies in the cloud computing space, may have to shutter after spending its full $100 million in venture capital and failing to find an appropriate buyer, reports VentureWire. If one can’t be found, the San Jose, Calif. firm will be forced to declare bankruptcy.
Focused primarily on management of virtual data centers, Cassatt previously took capital from Hewlett-Packard, In-Q-Tel, New Enterprise Associates, Portcullis Partners, Quatris Fund and Warburg Pincus.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.
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