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August 11, 2009 12:29 am
VMware, the fast-growing software maker that is at the forefront of a revolution sweeping through corporate datacentres, on Monday pulled off its biggest acquisition so far with the announcement of a $362m cash-and-stock purchase of privately held SpringSource.
The deal pushes VMware, which is majority-owned by EMC, deeper into the emerging business of “cloud” computing, which involves developing and running corporate applications in large datacentres and making them available over the internet.
SpringSource’s technology is used to develop and manage applications running online. The deal extends the reach of VMware, whose early leadership in “virtualisation” software gives it a strong position in the underlying infrastructure software behind large datacentres.
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