EMC to acquire VMware

EMC Corporation has announced that it has signed a definitive agreement to acquire Palo Alto-based VMware, Inc., a rapidly growing, privately held software company and the world leader in Intel-based virtual computing software, in a cash transaction valued at approximately $635 million.

The acquisition is subject to customary closing conditions and regulatory approvals, and is expected to be completed early in the first quarter of 2004.

EMC says that the acquisition of VMware will play a key role in EMC's strategy to help customers lower their costs and simplify their operations by deploying virtualisation technologies across their heterogeneous IT infrastructure to create a single pool of available storage and computing resources.

www.vmware.com
www.EMC.com

•Date: 17th December 2003 •Region: N.America •Type: Article •Topic: BC markets
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