81829 München, de
VMware Run Rate 1+ Billion, Q1 Revenue Growth 95 Percent to 256 Million
VMware showed continued growth as organizations of various sizes and across numerous industries increasingly standardize on VMware virtual infrastructure for server consolidation and containment, software lifecycle automation, business continuity and desktop manageability and security. VMware and its products received numerous industry accolades during the quarter: VMware Infrastructure 3 received the InfoWorld "Technology of the Year Award," the SearchWinComputing.com "Disaster Recovery Product of the Year Award" and the Network World "Best of the New Data Center Award"; VMware Lab Manager won the 2007 Jolt Product Excellence Award; and Linux Magazine named VMware a "top company to watch" in 2007.
VMware, founded in 1998 and acquired by EMC in 2004 for $625 million, currently operates as a subsidiary of EMC with separate R&D, sales and marketing. VMware has more than 3000 employees worldwide today.
In the first quarter, EMC announced its intention to sell approximately 10% of VMware via an initial public offering (IPO) of newly issued VMware stock. EMC expects the IPO will unlock more of VMware's value for EMC shareholders, strengthen VMware's ability to retain and attract the software industry's top talent, and reinforce EMC's commitment to VMware's open platform strategy.
EMC's Q1, 2007 earnings press release can be found at:
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