Digital Edition

SYS-CON.TV
EMC To Monetize VMware
EMC is going to IPO 10% of VMware this summer which will give VMware a recruiting and retention incentive and money

EMC is going to IPO 10% of VMware this summer.

It'll give VMware a recruiting and retention incentive and money that's not EMC's to grow on.

It's also supposed to increase the visibility into VMware's performance and signal that the company is committed to its open platform strategy

EMC will keep the other 90% and says it has no intention of spinning VMware out or otherwise divesting itself of the rest of this "precious" asset, which it called "one of the fast-growing businesses in the history of the software industry."

VMware sales last year were up 83% to $709 million. It ended the year up 101% at $232 million and now has a $900 million run rate. EMC was otherwise stingy with any other financials ahead of the S-1 registration statement expected in March or April.

There was no indication how much it hoped to raise, but EMC did suggest that it would pay back "a portion" of EMC's "original investment" in VMware three years ago probably through a stock repurchase. EMC paid $634 million when VMware revenues were less than $100 million.

EMC CEO Joe Tucci now thinks it's worth billions.

VMware had 300 employees when EMC bought it; it now has 3,000, they said.

The news tickled EMC's stock.

VMware Monetizes its Freeware
VMware has brought out a $1,500 SMB bundle meant to monetize the free VMware Server.

The new package includes VirtualCenter with VMware Server and enterprise-class support. VirtualCenter offers centralized management and rapid server provisioning. The basic kit includes three agents; additional ones can be purchased for $400 per physical server managed.

VMware says the free stuff has been downloaded 1.2 million times since it became available last July.

The new package includes VirtualCenter with VMware Server and enterprise-class support. VirtualCenter offers centralized management and rapid server provisioning. The basic kit includes three agents; additional ones can be purchased for $400 per physical server managed.

VMware says the free stuff has been downloaded 1.2 million times since it became available last July.

About Security News Desk
SYS-CON's Security News desk trawls the world of security for news of software, hardware, products, and services that seems likely to be of interest to infosec professionals and summarizes them for easy assimilation by busy IT managers and staff.

In order to post a comment you need to be registered and logged in.

Register | Sign-in

Reader Feedback: Page 1 of 1

EMC is going to IPO 10% of VMware this summer. It'll give VMware a recruiting and retention incentive and money that's not EMC's to grow on. It's also supposed to increase the visibility into VMware's performance and signal that the company is committed to its open platform strategy EMC will keep the other 90% and says it has no intention of spinning VMware out or otherwise divesting itself of the rest of this 'precious' asset, which it called 'one of the fast-growing businesses in the history of the software industry.'




ADS BY GOOGLE
Subscribe to the World's Most Powerful Newsletters

ADS BY GOOGLE

SUSE is a German-based, multinational, open-source software company that develops and sells Linux pr...
Lori MacVittie is a subject matter expert on emerging technology responsible for outbound evangelism...
NanoVMs is the only production ready unikernel infrastructure solution on the market today. Unikerne...
Big Switch's mission is to disrupt the status quo of networking with order of magnitude improvements...
Yottabyte is a software-defined data center (SDDC) company headquartered in Bloomfield Township, Oak...
Dynatrace is an application performance management software company with products for the informatio...
Chris Matthieu is the President & CEO of Computes, inc. He brings 30 years of experience in developm...
All in Mobile is a mobile app agency that helps enterprise companies and next generation startups bu...
Every organization is facing their own Digital Transformation as they attempt to stay ahead of the c...
Blockchain is a new buzzword that promises to revolutionize the way we manage data. If the data is s...
CloudEXPO | DevOpsSUMMIT | DXWorldEXPO Silicon Valley 2019 will cover all of these tools, with the m...
Serveless Architectures brings the ability to independently scale, deploy and heal based on workload...
I spend a lot of time helping organizations to “think like a data scientist.” My book “Big Data MBA:...
The standardization of container runtimes and images has sparked the creation of an almost overwhelm...
Whenever a new technology hits the high points of hype, everyone starts talking about it like it wil...
Wasabi is the hot cloud storage company delivering low-cost, fast, and reliable cloud storage. Wasab...
To Really Work for Enterprises, MultiCloud Adoption Requires Far Better and Inclusive Cloud Monitori...
David Friend is the co-founder and CEO of Wasabi, the hot cloud storage company that delivers fast, ...
In addition to 22 Keynotes and General Sessions, attend all FinTechEXPO Blockchain "education sessio...
Early Bird Registration Discount Expires on August 31, 2018 Conference Registration Link ▸ HERE. Pic...