Virtualization leader VMWare will acquire B-hive, a San Mateo, Calif, startup that makes performance management software.

VMWare says it will use B-hive’s software to manage its virtualized machines. The virtualization company will also make B-hive’s R&D facility in Israel the core of a new development center.

The deal follows VMWare’s acquisition of desktop virtualization company Thinstall in January. This acquisition should close during the third quarter of this year; the terms were not disclosed. B-hive raised a $7 million first round of venture financing led by Venrock Associates and Index Ventures in 2006.