January 9, 2004 1:44 PM PST
EMC completes VMware acquisition
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EMC acquires server specialist VMwareDecember 15, 2003
EMC has specialized in storage hardware and, increasingly, storage management software. EMC's VMware acquisition, though, could propel the company into a broader effort to create management software that makes it easier and cheaper to run large collections of computing hardware.
EMC announced the VMware acquisition in December, but expected the price at the time to be $635 million. The acquisition is expected to increase EMC's 2004 revenue by $175 million to $200 million, the company said.
VMware sells "virtualization" software that lets a single Intel-based server run several independent operating systems or that lets administrators move a computing task from one computer system to another. Moving tasks from
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EMC is based in Hopkinton, Mass., but VMware will continue as an independent subsidiary in Palo Alto, Calif., led by former Chief Executive Diane Greene.