July 30 news, last Friday, Cisco publicly announced that it will acquire software maker VMware Virtual 1.6% stake in the company.
In response, VMware said it will consider approval of a leader to join Cisco's board of VMware, but before the current arrangements did not specifically disclosed.In fact, the industry famous enterprises have joined the list of VMware's holding company, including investment in the chip giant $ 218,500,000, while VMware has also expressed the hope that the way through the IPO public offering, raising $ 741,000,000 of the funds.Earlier this week, Cisco has said it will invest money in Data Center 3.0 strategy, in which the virtual machine software technology will play a crucial role.
Cisco said in a statement, VMware's share acquisition, "designed to accelerate million users are using VMware virtualization software cases, with Cisco's own network infrastructure, and future network technology and virtual device software to accomplish somethingIn addition, the cooperation will strengthen the company. "On the other hand, VMware and Cisco also said it would sign a collaborative contract, the future will develop, market promotion, customers and industry and expansion of cooperation in the field of industrial innovation efforts.