VMware Acquires Business Management SAAS Provider Digital Fuel
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.
Eleven-year-old Digital 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 portfolio.
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.