Channel Insider content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More.

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