World leader in the information infrastructure and data storage company EMC Corp. and Palo Alto, Calif.-based VMware Inc., global leader in virtual solutions from desktop through data center to the cloud has entered into a definitive agreement for the sale of some software products and expertise by EMC Ionix IT management business to VMware for worth $200 million all in cash.
Under the terms of deal VMware will acquire all technology and intellectual property of FastScale, Application Discovery Manager, Server Configuration Manager and Service Manager and will maintain engineering, marketing, sales and support operations in the United States, Europe, Israel, India and Australia and delivered software will improve management and development of servers and applications in the virtual data center of VMware and also help the company’s cloud-computing efforts to grow at fast pace.
Deal is expected to close in the second quarter of 2010, likely to have no material effects on the expectations of both the companies.