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VMware is Spending $500 Million to Acquire Startup That Will Boost its Cloud Business

Business Insider

VMware will acquire CloudHealth Technologies, the company announced Monday.

  • VMware will place approximately $500 million for the startup, sources told Reuters.
  • CloudHealth Technologies will help VMware in its strategy to move toward cloud-based software services.

VMware will acquire CloudHealth Technologies as part of the information technology company's continued push into cloud-based software services, the company announced on Monday...

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