Monday, April 12, 2021

VMware to Buy Nicira Network Software for $1.26 Billion

Bloomberg BusinessWeek: Server virtualization vendor VMware has confirmed that it will buy Nicira Inc. for $1.26 billion–$1.05 billion in cash and $210 million of unvested equity awards. Based in Palo Alto, Nicira makes network virtualization software that reduces the need for networking equipment. “This is kind of a match made in heaven,” said ISI Group analyst Brian Marshall. “You’re taking a leader in virtualized networks and the gorilla of the dominant vendor in server virtualization.”

Founded in 2007, Nicira had raised $50 million in venture capital.

Similar articles

Latest Articles

The Conversational AI Revolution:...

One of the things I’m looking forward to seeing at next week’s NVIDIA GTC event is an update on their Conversational AI efforts. I’m fascinated...

Edge Computing

Edge computing is a broad term that refers to a highly distributed computing framework that moves compute and storage resources closer to the exact...

Data-Driven Decision Making: Top...

The phrase data-driven decision making – certainly popular in the field of data analytics – may seem redundant. After all, nearly everything is driven...

Top Performing Artificial Intelligence...

As artificial intelligence has become a growing force in business, today’s top AI companies are leaders in this emerging technology. Often leveraging cloud computing and...