Nutanix Acquires Frame for $165,000,000
Company Information
Company
Frame
Website
http://www.fra.me
Location
318 South B St. San Mateo, CA 94401
Description
Hailed as the future of computing in the post-PC era, Frame (fra.me) is a revolutionary visual cloud platform for your Windows apps. Our customers range from startups and schools to major companies, like Adobe: we let them run all their Windows apps directly from the cloud with no code changes required.
Transaction Details
- Date – 8/2/2018
- Transaction Type – M&A
- Transaction Amount – $165,000,000
- Transaction Round –
- M&A Terms – With Frame, Nutanix will address customer requirements for DaaS in the mid-market, while continuing its long-standing support for large-scale VDI projects delivered via enterprise datacenters. The Company expects to pay approximately $165 million (as finally adjusted in accordance with the Merger Agreement, the “Purchase Price”) to Frame’s securityholders. The Purchase Price is payable in a mix of cash and shares of the Company’s Class A common stock.
