Revenge of the South Bay: VMware acquires SpringSource for $420M to enhance cloud capabilities
The boring business back end of technology is still a lucrative market. Virtualization company VMware, whose software aims to let datacenter managers do more with less hardware, today announced its imminent acquisition of privately held SpringSource, a company that makes “lean software” tools used by… Continue Reading
Roundup: Intel cuts estimates, iPhone games taking off and more
Here’s the latest action:
Intel cuts fourth quarter estimates — The chip maker says sales could fall by as much as 19 percent, and things look similarly bleak for chip companies Applied Materials and National Semiconductor.
IPhone takes on Nintendo and Sony in portable gaming — Among other things,… Continue Reading
SpringSource raises $15M for Java infrastructure
SpringSource, a maker of open source Java infrastructure software, has raised a $15 million second round of funding led by Accel Partners. First round investor Benchmark Capital also participated.
The San Mateo, Calif.-based startup’s recent releases include a Java application server called the SpringSource Application Platform,… Continue Reading