|
|
|
11 Aug 2009
Virtualisation heavyweight VMware has acquired privately owned SpringSource to unleash a new Platform as a Service (PaaS) go-to-market strategy.
VMware snapped up the web application development and management vendor for about $362m (£220m) in cash and equity plus the assumption of approximately $58m of unvested stock and options.
Already approved by SpringSource’s stockholders the deal is expected close in the third quarter of this year.
Further reading
Combining both vendors’ products, VMware plans to build new enterprise applications and run and manage these in the same vSphere-based internal or external clouds. These can also host and manage existing applications.
Market watcher Forrester Research expects the market to expand to $15bn by 2016.
Paul Maritz, president and chief executive officer of VMware, said: “Today’s modern computing environments are moving to an application and data-centric world powered by state-of-the-art virtualised and cloud computing platforms.
“The combination of SpringSource and VMware capitalises on this shift and places us right at the intersection of the most important forces in the software market today: virtualisation, modern application frameworks and cloud computing.”
Rod Johnson, chief executive officer of SpringSource, said: “VMware has led the modernisation of datacentre infrastructures through innovative virtualisation and cloud architectures, providing customers with cost savings, agility and choice.
“The SpringSource team and community are committed to revolutionising the way companies build, run and manage applications. By combining forces, I am confident that we will be able to deliver a set of truly remarkable solutions that dramatically simplify enterprise IT.”
Related articles
In this video find out about the fast-growing Chinese vendor's plans for market domination and how the channel is its route of choice
Find out what gifts Acer has in store for partners for 2012 in this exclusive roundup of its recent conference
CRN's premier networking event is back on 17 May at the Ricoh Arena
Date: Thu 17 May 2012
Channel fighters preparing to square up once more on 24 May
Date: Thu 24 May 2012
The proliferation of endpoint devices within the enterprise has highlighted the shortcomings of one of the traditional approaches to data security
This Forrester report compares the costs and benefits of legacy email and productivity software with Google Apps
Dave discovers that rozzers are seemingly living in the technology dark ages
Mark Needham, founder of distributor Widget, argues that John Browett leaves for Apple with Dixons in better shape than when he arrived
|
|
|
Do you agree?
Have your say