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Stock Market & Financial Investment News

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August 20, 2014
16:07 EDTVMWVMware acquires CloudVolumes, terms undisclosed
VMware announced the acquisition of CloudVolumes. Financial details of the transaction were not disclosed. The transaction is expected to be immaterial to VMware's financial results. "Customers are looking to modernize their existing Windows application delivery architecture to be more like mobile IT," said Sumit Dhawan, senior vice president and general manager, Desktop Products, End-User Computing, VMware. "The combination of CloudVolumes and VMware Horizon will allow customers to build a real-time application delivery system that enables all applications to be centrally managed, always available and up-to-date, and delivered to virtualized environments for desktop, server or cloud on-demand."
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