VMware Company Description
VMware develops software that creates and manages virtual machines -- computer functions spread across multiple systems that act as one. Companies use VMware's software to more efficiently integrate and manage server, storage, and networking functions, thereby lowering the operating costs of their computing resources. VMware also provides consulting, support, and training services. The company has marketing relationships with computer hardware vendors including Dell, Hewlett-Packard, and IBM. Founded in 1998, VMware was acquired by EMC for about $625 million in cash in 2004. Looking to unlock some of the value in its subsidiary, EMC sold about 10% of VMware via an IPO in 2007.
View the Comprehensive Company Description for VMware
The Company Description provides a historical perspective of VMware's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of VMware's evolution in the marketplace.
