
Google reportedly has its sights set on container tech startup D2iQ.
The Mountain View, Calif.-based tech giant is in talks to acquire D2iQ, according to a report by Axios that cited an unnamed source “close to the situation.”
D2iQ, a Google Cloud Platform and G Suite partner, declined comment, while Google did not immediately respond to CRN’s inquiry.
The deal value could exceed the $250 million that the San Francisco-based D2iQ has raised in successive venture capital funding rounds, but likely wouldn’t be as high as the $775 million valuation placed on D2iQ when it earned its $125 million series D funding round in 2018 to accelerate its hybrid cloud transformation, according to Axios.
D2iQ, an enterprise-grade cloud platform provider formerly known as Mesosphere until it pivoted to focus on Kubernetes last year, recently reportedly laid off 34 employees, or 13 percent of its workforce, to reduce costs to deal with a projected 40 percent sales decline, according to a Business Insider report that cited a leaked D2iQ internal presentation. The layoff came two weeks after CEO Mike Fey announced in mid-March that he was stepping down, Business Insider reported.
Google originally designed Kubernetes, the open-source, container-orchestration system for automating application deployment, scaling and management. The Cloud Native Computing Foundation now maintains it.
Google closed its $2.6 billion acquisition of Looker Data Sciences in February.
“We’ve been thoughtful on how we do acquisitions,” Google Cloud CEO Thomas Kurian told CRN in March. “We’ve always acquired complementary products. Looker, for example, has had many common customers with our analytics portfolio. We’ve shown that we don’t need acquisitions to grow. We can grow organically, and we’re growing very quickly organically. But where it makes sense, we’ve done acquisitions to complement our existing portfolio products.”
D2iQ investors include Andreessen Horowitz, Hewlett Packard Enterprise, Khosla Ventures, Koch Disruptive Technologies, Microsoft and T. Rowe Price Associates.
In April, D2iQ said it had been awarded a U.S. Department of Defense Enterprise Software Initiatives contract for its DevSecOps solutions and services.
CRN reported in December that D2IQ was ramping up its channel engagement with its first partner program and was looking to recruit DevOps-focused solution providers with a 'landing pad' for cloud-native modernization projects.
related stories
Video
trending stories
sponsored resources

Trend Micro
Managed Security 360

HubStor
Cloud Backup 360

Cysurance
Cyber Insurance 360

Tenable
Cyber Risk 360

Dell Technologies
Dell Technologies Cloud Learning Center

EPOS
EPOS

Fujifilm
Fujifilm

Application Integration 360

Mimecast
Mimecast

Comcast
Comcast Business Learning Center

Dell Technologies
Dell Technologies Server Learning Center

WatchGuard
WatchGuard

Hitachi Vantara
Hitachi Vantara

Dell Technologies
Dell Technologies Storage Learning Center

Carbonite
Cloud Storage 360

Sophos
Sophos Cybersecurity Learning Center

Webroot
Webroot Learning Center

BlackBerry
BlackBerry Learning Center

NPD
Industry Trends 360

Symantec
Symantec Business Security Learning Center

Channel Chief Showcase

Acer
Remote Workforce 360

Sherweb
Sherweb

APC by Schneider Electric
Digital Services for Edge Learning Center

VMware

StorageCraft
Disaster Recovery Learning Center

Vertiv
Edge Computing Learning Center

Wasabi
Wasabi

Dell Technologies
Dell Technologies Hybrid Cloud Learning Center

Cradlepoint
5g for Business 360

Comm100
Collaboration & Communications 360

Veeam
Veeam

Trend Micro
Trend Micro Learning Center

eSentire
Managed Detection and Response 360
