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Richard Waters / Financial Times:
Dell spins off its 81% stake in VMware, creating a $64B independent software company; Dell's remaining hardware operations have an implied value of $33B   —  Share sale completes eight-year saga that will unwind part of the 2018 deal for server and storage company EMC
Nov 1, 2021, 4:35 AMIn context
Joseph Tsidulko / CRN:
VMware to acquire Datrium, which provides disaster recovery services for hybrid cloud environments, for an undisclosed sum; Datrium had previously raised $170M   —  The deal for the hyper-converged infrastructure startup looks to advance VMware's hybrid cloud standing with a cost-optimized solution for backing up data in the cloud.
Jul 1, 2020, 11:15 PMIn context
Kyle Wiggers / VentureBeat:
WekaIO, which develops file systems optimized for AI and technical workloads, raises $31.7M Series C led by HPE, bringing total raised to about $73.7M   —  No matter the domain, data-intensive apps share one requirement in common: a reliable file system that ensures data is available to them on demand.
May 14, 2019, 7:10 AMIn context
Lilach Baumer / CTech - 24/7:
Lightbits Labs comes out of stealth, says it has raised $50M led by Dell EMC, Cisco, Micron, and others for its datacenter software with “hardware acceleration”   —  Co-founded by celebrated Israeli entrepreneur Avigdor Willenz, the datacenter software company counts heavyweights Cisco, Dell, and Micron as backers
Mar 18, 2019, 1:10 AMIn context
Dean Takahashi / VentureBeat:
Intel and a consortium including Google and Microsoft debut CXL, a new open standard for faster interconnect between datacenter CPUs and accelerator chips   —  A consortium of technology companies has formed to create a new standard, called Compute Express Link, to provide …
Mar 11, 2019, 8:15 PMIn context
Ron Miller / TechCrunch:
Dell votes to buy back VMware tracking stock and go public again, to trade on NYSE beginning December 28 under the symbol DELL   —  Dell just announced that it has agreed to buy back the VMware tracking stock from the EMC acquisition.  The company confirmed the buy-back price of $120 per share for a total of $23.9 billion.
Dec 11, 2018, 11:50 AMIn context
Wall Street Journal:
Sources: Dell may soon announce it will become public company again by combining its shares with DVMT, a security created in 2016 to track EMC's stake in VMware   —  Share-swap deal would result in public listing for the PC and data-storage company  —  Dell Inc. is nearing a deal …
Jul 1, 2018, 5:42 PMIn context
Matt Weinberger / Business Insider:
Pivotal, a cloud computing software and consulting services provider that has raised $1.7B since its spin out from EMC and VMware in 2012, files for an IPO   —  - Pivotal, last valued at $2.8 billion, has filed to go public.  — Dell, the largest shareholder in Pivotal …
Mar 23, 2018, 2:20 PMIn context
Jake Smith / ZDNet:
Online backup service Carbonite to acquire Dell EMC's Mozy, a cloud-based backup service for enterprises, for $145.8M via cash and a $120M revolving credit line   —  Carbonite also reported mixed Q4 and full year earnings.  —  Carbonite on Tuesday announced it's entered into a definitive agreement …
Feb 13, 2018, 11:20 PMIn context
Mary Jo Foley / ZDNet:
Microsoft Azure Stack hardware, which allows customers to run private instances of Azure in their datacenters, is ready to order from Dell EMC, HPE and Lenovo   —  Microsoft's first three server partners are starting to take orders for Microsoft's hybrid-computing Azure Stack appliances.
Jul 10, 2017, 9:50 AMIn context

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