All the sessions from Transform 2021 are available on-demand now. Watch now.

Cisco Systems has agreed to invest $150 million in VMware, a leader in the hot virtualization trend, before the Hopkinton, Mass company goes public.

VMware’s virtualization software lets companies run multiple operating systems and applications on a single machine, thus saving costs on hardware.

In exchange for its investment, Cisco will get a 1.6 percent stake in VMware.

VMware’s parent, EMC, the data-storage equipment maker based in Hopkinton, Mass., plans to spin off 10 percent of the unit in an IPO. Earlier this month, Intel also agreed to invest $218.5 million in VMware.


VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member