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Dell Technologies (DELL) will spin off its 80.6% stake in VMware (VMW), creating two publicly-traded companies and raising cash to pay down debt.
VMware LLC is an American cloud computing and virtualization technology company headquartered in Palo Alto, California. [2] VMware was the first commercially successful company to virtualize the x86 architecture. [3] VMware's desktop software runs on Microsoft Windows, Linux, and macOS.
Shares in Dell Technologies (DELL) spiked 14% in pre-market trading on a report that the PC maker is mulling a spinoff of its roughly $50 billion stake in cloud computing software maker VMware Inc ...
When VMware was acquired by Dell, a reverse merge was in place so the latter would be back to the stock market as a public company. [11] In July 2020, Fisker, Inc announced plans to go public via a merger with Spartan Acquisition Corp (SPAQ), a "blank-check" company backed by Apollo Global Management. [12]
In 2018, Dell had a racing partnership with British racing team McLaren, providing processing power to support the large amounts of racing data generated by McLaren's Formula 1 program. [18] On April 15, 2021, it was reported that Dell Technologies would spin out the remainder of its VMware shares to shareholders.
Paul Maritz became Pivotal's chief executive immediately after the spin-out. [5] Maritz had joined EMC in February 2008 when Pi Corporation, a company he co-founded, was acquired and was previously the CEO of VMware. [6] [7] The Greenplum Database (acquired by EMC in 2010) formed the basis of a division selling software for the big data market. [8]
Systems management and security software United States $ 2.4 × 10 ^ 9 [29] 28 November 16, 2012 Gale Technologies Infrastructure automation solutions United States: undisclosed References 29 May 6, 2013: Enstratius, formerly enStratus Networks: Cloud management software United States $ 3,500,000 [30] 30 March 24, 2014: StatSoft: Statistical ...
Compellent’s storage area network (SAN) system, called "Storage Center", combines several virtualized storage-management applications with hardware. The product tracks metadata, information about each block of data stored on the Compellent system, including the date and time written, frequency of access, associated volume, type of disk drive used, type of data stored and RAID level. [5]