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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