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Tuesday, December 20, 2016

SDN Vendor PLUMgrid is No More; Some Assets Acquired by VMware

The first time I wrote about #PLUMgrid was in June 2013, when the company emerged from stealth with $10.7 million in funding and a dream to enable the #SoftwareDefinedNetworking ( #SDN ) market. Three and a half years later, that dream is dead as PLUMgrid is gone, with some of its assets and employees joining VMware. No, this is not a grand exit for PLUMgrid, or a great acquisition with big numbers. In fact, there are no public numbers to speak of in regards to what VMware is paying for the limited assets it is picking up. PLUMgrid had raised a total of $46 million in funding over its three years of existence and it's not clear if investors recovered all their money. A VMware spokesperson told Enterprise Networking Planet that on Friday, December 16, VMware acquired certain IP assets from the company and that a number of PLUMgrid employees have now joined VMware.

http://mobile.enterprisenetworkingplanet.com/netsysm/sdn-vendor-plumgrid-is-no-more-some-assets-acquired-by-vmware.html

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