Were you unable to attend Transform 2022? Check out all of the summit sessions in our on-demand library now! Watch here.
VMware is refocussing its efforts to what it knows best: infrastructure. The company had intended to branch out to provide products at every layer of the entire software stack, including cloud-based applications. But with competition from scrappy startups and legacy vendors, VMware is concentrating its energies on the virtualized data center.
John Gilmartin, vice president of VMware’s storage and availability unit, said the company intends to extend the “benefits of virtualization to every domain of the datacenter — compute, network, and storage.” VMware has made a number of strategic acquisitions to bolster its technology in each of these domains, including the high-profile purchase of Nicira for $1.26 billion.
MetaBeat will bring together thought leaders to give guidance on how metaverse technology will transform the way all industries communicate and do business on October 4 in San Francisco, CA.
The buy-up, which the company announced in a blog post today, is expected to close at the end of the quarter. The terms of the deal were not disclosed.
The Sunnyvale, Calif.-based Virsto has raised over $24 million in venture capital from investors, including August Capital, Canaan Partners, Interwest Partners, Southern Cross Venture Partners and Correlation Ventures.
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn more about membership.