VMWare announced today it will acquire Digital Fuel, a leader in IT financial and business management SaaS solutions. The company said the acquisition is scheduled to close in July 2011 after customary closing conditions have been met. Terms of the acquisition were not announced.
Digital Fuel’s expertise is in effectively managing the business impact of IT environments and keep downward pressure on costs. VMWare said the acquisition will enhance its cloud infrastructure capabilities and the strength of its customer offerings by allowing it to optimize value in cloud based dynamic IT.
“Cloud computing represents a fundamentally new model for IT, enabling enterprises to realize unprecedented gains in operational efficiency, while also understanding, managing and optimizing IT resources based on granular business metrics, ” said Boaz Chalamish, VP and general manager, VMWare. “New levels of financial visibility and control in cloud environments will enable CIOs to engage with the CFO, line of business stakeholders and others around how IT investments translate to real business value. As an authority on helping organizations navigate the business operations of IT, Digital Fuel will add a significant capability to our portfolio, broadening beyond operational management to include business-centric capabilities.”