VMware acquires SpringSource

By siliconindia   |   Tuesday, 11 August 2009, 14:58 IST   |    9 Comments
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VMware acquires SpringSource
Bangalore: VMware, a virtualization software maker, announced that it has acquired SpringSource, a Java framework developer for $362 million in a cash and equity purchase. Said to be the biggest acquisition by the company, the deal pushes VMware, majority-owned by EMC, deeper into the emerging business of 'cloud' computing - developing and running corporate applications in datacenters and making them available over the internet. VMware said modern computing environments are moving to an application and data-centric world powered by virtualized and cloud platforms. "The combination of SpringSource and VMware capitalizes on this shift and places us right at the intersection of the most important forces in the software market today," said Paul Maritz, President and CEO of VMware. VMware said that it expects the transaction - made up of $362 million in cash and equity and the assumption of $58 million in stock options - to close by September. VMware and SpringSource plan to develop integrated Platform-as-a-Service technologies to be hosted at customer datacenters or by cloud service providers. Customers using these technologies can build enterprise and Web applications and run these systems in the same vSphere-based internal or external clouds that can host and manage existing applications. VSphere is VMware's cloud-based OS (operating system). "The role of the traditional operating system is changing," Maritz added.

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