Digital Fuel's products and services enable companies to manage and optimize cost associated with cloud systems.
VMware made a move into the
business-management software as a service sector June 13 by acquiring
Israel-based Digital Fuel.
Terms of the transaction
were not released by either company, but Globes,
an Israeli business Website
that has covered the burgeoning IT scene in that country for a long while, reported
that the deal cost VMware $85 million
VMware, which acquired
enterprise social-collaboration software maker SocialCast only two weeks ago, now
has added five companies to its fold this year
Fuel, founded by President and CEO Yisrael Dancziger, specializes in IT
financial and business management software as a service. Its products and
services enable companies to manage and optimize cost in cloud systems.
Digital Fuel's IP will
provide VMware's enterprise customers with meaningful measurements and reports,
including a bill of IT services, chargeback information, service-level
reporting and vendor scorecards; consolidated visibility into all IT costs
(capital expenditures, operating expenses and service costs); and better
management of IT agendas, enabling fact-based decisions across the IT
Digital Fuel has several
hundred enterprise customers, including BASF, BBC, BT, Capital One, Capgemini,
Cisco Systems, Dell, Deutsche Bank, First Horizon, GE, IBM and others.
The acquisition is scheduled
to close in July.