Cork-based tech firm VMware spends €1bn on Nicira purchase

EMC, one of the leading tech companies in Cork, announced quarterly results yesterday in line with expectations, while VMware — 80%-owned by EMC — spent over €1bn acquiring Nicira.

California-based VMware employs 550 people in Cork, and purchased Nicira to add technology that helps networks run more efficiently to its business portfolio.

VMware, whose main office is based in California, is the global leader in virtualisation software that enables computers to handle multiple operating systems at once.