EMC buys software firm VMware for $635m

EMC corporation, the information storage and management company which has a plant in Cork, has signed a deal to acquire Palo Alto-based VMware for approximately $635 million (E516 million).

VMware is a rapidly growing, privately held software company and a leader in Intel-based virtual computing software.

The acquisition is subject to customary closing conditions and regulatory approvals, and is expected to be completed early in the first quarter of 2004.