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Technology Deals Cisco buys into VMware
Technology Deals Cisco buys into VMware | Cisco buys into VMware |
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| Written by Stephen Withers | |
| Monday, 30 July 2007 | |
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Consideration will be given to appointing a Cisco executive to the VMware board sometime in the future. "Cisco's purchase is intended to strengthen inter-company collaboration towards accelerating customer adoption of VMware virtualization products with Cisco networking infrastructure and the development of customer solutions that address the intersection of virtualization and networking technologies," company officials said. Earlier this month, Intel Capital and VMware announced that the former will purchase approximately 2.5 percent of VMware shares for $218.5 million. VWware was acquired by EMC in 2004. According to the company's web site, an initial public offering of approximately 10 percent of EMC shares is scheduled for mid-2007.
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