VMware to Acquire Virsto

VMware to Acquire Virsto 
PALO ALTO, CA -- (Marketwire) -- 02/11/13 --  VMware, Inc. (NYSE:
VMW), the global leader in virtualization and cloud infrastructure,
today announced it has signed a definitive agreement to acquire
Virsto(R) Software, a Sunnyvale, Calif.-based provider of software
that optimizes storage performance and utilization in virtual
environments.  
"VMware is committed to continuing to deliver software innovations
that bring significant efficiencies to our customers while
simplifying infrastructure and IT," said John Gilmartin, vice
president of storage and availability, VMware. "We believe that the
acquisition of Virsto will accelerate our development of storage
technologies, allowing our customers to greatly improve the
efficiency and performance of storage in virtual infrastructure."  
Organizations are looking for solutions to address the increasing
complexity and cost of storage within virtual and cloud environments,
particularly for virtual desktop infrastructures (VDI), large
software development and test centers and to support
business-critical applications. Virsto provides breakthrough storage
optimization technologies that improve storage performance and
utilization in these environments. When implemented within a VDI,
Virsto can reduce the cost of storage per desktop by as much as 70
percent.  
As part of its strategy to deliver the software-defined datacenter,
VMware continues to invest and innovate to extend the benefits of
virtualization to every domain in the datacenter -- compute, network,
storage and the associated security and availability services. VMware
has been at the forefront of innovations to storage in virtual
environments, and the acquisition of Virsto will expand VMware's
storage portfolio, which includes the storage virtualization and
management capabilities of VMware vSphere(R) and the VMware vSphere
Storage Appliance(TM). In addition, EMC Corporation plans to license
the Virsto technology, extending the cooperative efforts between the
two companies in storage architectures. 
"VMware and Virsto share a highly aligned vision to remove complexity
and increase efficiencies through virtualization," said Mark Davis,
CEO, Virsto. "We are excited to combine forces with VMware to provide
customers a more cost-effective, efficient, and agile storage
architecture." 
Terms of the acquisition were not disclosed. The acquisition is
scheduled to close in the first quarter of 2013 subject to customary
closing conditions. 
Additional Resources 


 
--  Read VMware's John Gilmartin blog "VMware to Acquire Virsto Software"
    here
--  Read Virsto's Mark Davis blog "I Have a Dream" here
--  Connect with VMware on Twitter and Facebook

  
About Virsto
 Virsto(R) Software Corporation changes the economics of
storage in virtualized environments by improving utilization,
increasing performance, and accelerating VM storage provisioning.
Virsto reduces the cost and complexity of storage for VDI, test and
development, business-critical application virtualization, cloud
computing and other virtualization initiatives. Founded in 2007,
Virsto is backed by leading Silicon Valley venture firms. For more
information, visit www.virsto.com.  
About VMware 
 VMware is the leader in virtualization and cloud
infrastructure solutions that enable businesses to thrive in the
Cloud Era. Customers rely on VMware to help them transform the way
they build, deliver and consume Information Technology resources in a
manner that is evolutionary and based on their specific needs. With
2012 revenues of $4.61 billion, VMware has more than 480,000
customers and 55,000 partners. The company is headquartered in
Silicon Valley with offices throughout the world and can be found
online at www.vmware.com. 
VMware, vSphere, and vSphere Storage Appliance are registered
trademarks or trademarks of VMware, Inc. in the United States and
other jurisdictions. All other marks and names mentioned herein may
be trademarks of their respective companies. 
Forward-Looking Statements 
 This press release contains
forward-looking statements including, among other things, statements
regarding the consummation of the acquisition of Virsto, the planned
integration of Virsto technologies with VMware product offerings,
plans to license Virsto technology in conjunction with EMC
Corporation and the prospective benefits to customers. These
forward-looking statements are subject to the safe harbor provisions
created by the Private Securities Litigation Reform Act of 1995.
Actual results could differ materially from those projected in the
forward-looking statements as a result of certain risk factors,
including but not limited to: (i) the satisfaction of closing
conditions for the transaction; (ii) the successful integration of
Virsto and VMware technologies; (iii) adverse changes in general
economic or market conditions; (iv) delays or reductions in consumer
or information technology spending; (v) competitive factors,
including but not limited to pricing pressures, industry
consolidation, entry of new competitors into the virtualization
market, and new product and marketing initiatives by our competitors;
(vi) our customers' ability to develop, and to transition to, new
products and computing strategies such as cloud computing and desktop
virtualization; (vii) the uncertainty of customer acceptance of
emerging technology; (viii) rapid technological and market changes in
virtualization software and platforms for cloud and desktop
computing; (ix) changes to product development timelines; (x)
VMware's ability to protect its proprietary technology; (xi) VMware's
ability to attract and retain highly qualified employees and (vii)
the ability to license Virsto technology on terms satisfactory to
VMware and EMC. These forward-looking statements are based on current
expectations and are subject to uncertainties and changes in
condition, significance, value and effect as well as other risks
detailed in documents filed with the Securities and Exchange
Commission, including our most recent reports on Form 10-K and Form
10-Q and current reports on Form 8-K that we may file from time to
time, which could cause actual results to vary from expectations.
VMware assumes no obligation to, and does not currently intend to,
update any such forward-looking statements after the date of this
release. 
Contacts:
Eloy Ontiveros
VMware Global Communications
1.650.427.6145
eontiveros@vmware.com 
Kayla Kooyman
The OutCast Agency for VMware
1.415.345.4765
kkooyman@theoutcastagency.com 
 
 
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