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  • Thursday, April 18, 2024

WSJ: VMware Backs Out From Cloud Joint Venture Plan With EMC


cloudITVMware (NYSE: VMW) has canceled plans to form a joint venture with EMC (NYSE: EMC) that will work to combine both companies’ cloud services, the Wall Street Journal reported Monday.

Don Clark writes that a spokesman for VMware told the Journal the company will continue to run vCloud Air as a separate cloud service following the cancellation of the joint venture plan.

EMC will also continue to run Virtustream as a member of its federation of companies, Clark reports.

VMware announced the proposed joint venture, which would operate under the Virtustream brand, in October after Dell proposed to acquire EMC for approximately $67 billion.

EMC has an 80 percent stake in VMware.

VMware CEO Pat Gelsinger has said the planned cloud services company would offer hybrid cloud platforms in an effort to help customers manage off-premise and on-premise information technology workloads in cloud environments.

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