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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.
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 ...
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 ...
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.
Virtual Computing Environment Company (VCE) was a division of EMC Corporation that manufactured converged infrastructure appliances for enterprise environments. Founded in 2009 under the name Acadia, it was originally a joint venture between EMC and Cisco Systems, with additional investments by Intel and EMC subsidiary VMware.
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]
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]
Michael Saul Dell (born February 23, 1965) is an American billionaire businessman and investor. He is the founder, chairman, and CEO of Dell Technologies, one of the world's largest technology infrastructure companies.