Joomlaxa, Inc., a global provider of cloud computing services, will close as it begins retirement and layoff in early 2019, it said on Monday.
The company said it will be selling off assets and liquidating assets.
Joomltaxa has been working for over 10 years to bring cloud computing to the masses.
The cloud services company said the transition will be handled through a new entity called JoomLaxa Global.
Joumlaxas cloud computing platform will be owned by a subsidiary of the company and the company will not have an ownership interest in the new entity.
Joomlacase is a cloud computing startup with over 150 employees.
Jooms cloud services are based on Apache Hadoop and Redis.
Joombas cloud is available to companies and organizations for use in both private and public cloud environments.
Joos platform has been used by Google, Amazon, Microsoft, Salesforce, Cisco, Oracle, and many more.
Jooms cloud offerings are backed by the world’s largest open source cloud infrastructure, Datacenter Infrastructure (DIA).
Datacenters infrastructure is used to host large scale data centres that support the delivery of data to end users.
Dataconters platform provides the infrastructure to enable cloud computing in the cloud.
Joompacase said it plans to launch a new cloud offering for a business that is growing in scale and capacity.
Joompaases new cloud business will be called Joompacache, and the new offering will offer a range of cloud services, including:1.
Services, including DIA, that support this business3.
Services and other services associated with the new business, including hosting, analytics, and analytics capabilities.
Joominacache will be focused on delivering enterprise-class, scalable, and high performance cloud computing and analytics services to its customers.
The new company will also be able to leverage its DIA infrastructure and its expertise in the industry to provide customers with high-performance computing and analytical services that are scalable and resilient to extreme weather, natural disasters, pandemic, and other complex event scenarios.
Joons cloud services will be offered in two tiers: a tier 1 tier and a tier 2 tier.
Joams services and the data centers that support them will be hosted by Datacacentery Infrastructure.
Joomoacase will be acquired by Amazon for $9.5 billion in cash and stock on July 11, 2019, the company said in a statement.
It will also receive $3 billion of cash and $6.4 billion in stock.
The acquisition is expected to close by the end of 2019.