VMware has announced its intention to acquire Digital Fuel, a provider of IT Financial and Business Management SaaS solutions.
Digital Fuel’s solutions enable companies to plan, manage and optimize cost and value in the emerging world of cloud based dynamic IT.
With this acquisition, VMware will enable enterprises to more effectively manage the business impact of IT environments, centralizing visibility of IT costs, integrating financial discipline into IT decisions, and delivering meaningful measurements and reports that drive engagement with the CFO and line of business stakeholders.
Terms of the acquisition were not announced.
The acquisition is scheduled to close in July 2011, subject to customary closing conditions.
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