Monday, August 10, 2009
VMware Forks Over $420 Million for SpringSource (Plus the Press Release, Etc.)
It’s certainly acquisition fever in Silicon Valley today. After it was announced that Facebook had bought FriendFeed, now comes the news that VMware has purchased SpringSource, a privately held enterprise and Web application development and management cloud computing start-up.
The price? That would be $420 million in cash and stock.
With the purchase of Spring Source, Palo Alto-based VMware–which is a top player in the virtualization space–is adding to its cloud-computing application-management strength and also its ties to the open-source community.
