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Sunday, September 18, 2016

VMware Sells 2 Units to Focus on Cloud (VMW)

#VMware Inc. (VMW), recently a #Dell -owned company, has announced the acquisition of its #vRealize Business Enterprise and IT Benchmarking solutions by the global private investment firm #SkyviewCapital. The assets now owned by Skyview will form a new company under the name #DigitalFuel SV LLC in which VMware will hold a minority stake. The selloff of vRealize will allow VMware to continue its commitment to cloud business and costing. (Also see: What the #EMC - #Dell Merger Means for VMware.) VMware’s parent company, EMC, had previously chosen Skyview as a buyer for #Syncplicity in 2015. VMware called Skyview an excellent fit for the buy, with “an established track record of successfully acquiring and growing businesses through increased investments in sales, marketing and R&D.”

http://www.investopedia.com/news/vmware-sells-2-units-focus-cloud-vmw/

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