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BREAKING NEWS :
Cisco invests in VMware
By Michele Howe on Sunday, July 29, 2007
Cisco is to acquire an approximately 1.6% stake in virtualisation software maker VMware.
The networking giant has announced plans to invest US$150 million in VMware, which is owned by software manufacturer EMC Corporation.
Cisco said it hopes the move will enable it to strengthen collaboration between the two firms and speed up customer adoption of VMware virtualisation products on its networking infrastructure.
Cisco's purchase follows Intel's US$218.5 million investment in US-based VMware earlier this month.
The networking giant has announced plans to invest US$150 million in VMware, which is owned by software manufacturer EMC Corporation.
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Cisco's purchase follows Intel's US$218.5 million investment in US-based VMware earlier this month.
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