VMware lands Cisco as investor

Cisco Systems said Friday it will invest $150 million in VMware, joining Intel as a strategic investor.After the investment Cisco will own 1.

Cisco Systems said Friday it will invest $150 million in VMware, joining Intel as a strategic investor.

After the investment Cisco will own 1.6 percent of VMware's outstanding shares. VMware will also consider appointing a Cisco executive to its board in the future.

Like Intel, Cisco is strengthening its ties to VMware, which is a key partner as virtualization spreads to the network. Intel earlier this month said it would buy a 2.5 percent stake in VMware. The investments come ahead of what's expected to be a big IPO.

As part of the agreement (see statement) with Cisco, VMware will enter a joint development agreement for data center optimization and other products.

Newsletters

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
See All
See All