VMware Buys Business Management Software Maker Digital FuelBy Channel Insider Staff | Posted 2011-06-14 Email Print
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Digital Fuel specializes in IT financial and business management software as a service.
VMware made a move into the business-management software as a service sector June 13 by acquiring Israel-based Digital Fuel.
Terms of the transaction were not released by either company, but Globes, an Israeli business Website that has covered the burgeoning IT scene in that country for a long while, reported that the deal cost VMware $85 million.
VMware, which acquired enterprise social-collaboration software maker SocialCast only two weeks ago, now has added five companies to its fold this year.
Eleven-year-old Digital Fuel, founded by President and CEO Yisrael Dancziger, specializes in IT financial and business management software as a service. Its products and services enable companies to manage and optimize cost in cloud systems.
To read the original eWeek article, click here: VMware Acquires Business Management SAAS Provider Digital Fuel