VMware Picks Up SpringSource for $362M
Page 1 of 1
From the 'VMware did what?' files:
Virtualization vendor VMware today announced the acquisition of Java Web development and middleware vendor SpringSource for $362 million.
SpringSource is the vendor behind the popular open source Spring Framework that is used and supported by numerous Java middleware vendors including Red Hat JBoss and IBM Websphere.
VMware expects the deal to close in the third quarter of 2009. The total value of the deal could top $400 million when it's all said and done, as VMware is also taking on $58 million of unvested stock and options in addition of the $362 million of cash and equity that VMware is offering privately held SpringSource.
This is a deal that will change the dynamic for VMware in my opinion. Now VMware moves from being a virtualization vendor to being a virtualization vendor with development, middleware and server management for both physical and virtual environments.
Earlier this year SpringSource made an acquisition of its own by acquiring open source systems management and monitoring vendor Hyperic.
Beyond acquisitions, SpringSource released a new commercially supported Apache Tomcat Java middleware server this year as well as a new tools release with Spring Tools Suite 2.0. Coming just around the corner is a major new release of SpringSource's Spring Framework with the Spring 3.0 release set for later year.
Next page: What's in it for VMware?