VMware, Already An Acquirer (VMW, EMC)
VMware (NYSE:VMW) is not wasting any time and not resting on its laurels. The virtualization leader has been public not even one month yet. The company today announced at its VMWORLD CONFERENCE 2007 that it has acquired Dunes Technologies, a company that provides IT process orchestration software for virtual environments. Financial terms and conditions of the deal were not disclosed. This is a bit more aggressive than we would have expected last week, but this company has a whole lot of market cap to catch up to in the form of numbers and results. This probably won’t be the last deal it ever makes.
Raghu Raghuram, vice president of products and solutions at VMware: “Dunes has developed a powerful orchestration platform that will allow us to automate the entire virtual machine lifecycle from requisition to de-commissioning, while complementing existing VMware management and automation solutions such as VMware Lab Manager and the recently announced VMware Virtual Desktop Manager.”
Dunes Technologies was foundedin 2001 has been financed and developed under the leadership of Affentranger Associates. The company is based in Lausanne, Switzerland with offices in Stamford, CT.
Shares of VMware are up another 2.4% pre-market at $78.60. EMC (NYSE:EMC) shares are up almost 1% at $19.33 pre-market. This has been one incredible post-IPO story.
Jon C. Ogg
September 11, 2007
Jon Ogg produces the 24/7 Wall St. SPECIAL SITUATION INVESTING NEWSLETTER; he does not own securities in the companies he covers.