Buys Heroku For $212 Million In Cash

Written by on December 8, 2010 in Press & Events

10/8/2010 – has just announced that it is acquiring Heroku, which provides a Ruby application platform-as-a-service, for approximately $212 million in cash. That’s one hell of an exit for the startup, which was founded in 2007 and has raised only $13 million in funding. Heroku was initially provided with seed funding through Y Combinator back in 2008. The startup says it currently powers over 105,000 social and mobile cloud applications.

According to the company, the Ruby development community is over 1 million members strong and growing fast, with Internet companies as big as Twitter, Groupon and Hulu using the development language to power its applications.

Read more at Techcrunch

Latest Posts

Latest Tweets