PRNewswire: Dell Leads $20 Million Strategic Investment Round in VMwareMay 24, 2000, 21:09 (0 Talkback[s])
"VMware, Inc., the leading provider of application and service delivery platforms based on innovative virtual machine technology, today announced the closing of a $20 million strategic financing round led by Dell. "
"VMware launched its first product in May 1999 -- software for desktop personal computers that enables a single PC to simultaneously run multiple, protected sessions with any combination of Linux, Windows NT, Windows 2000 and other Intel based operating systems. Today, VMware has more than 385,000 registered users, and is licensed in 5,000 corporations, in more than 100 countries. The company will use the funds to accelerate the development and deployment of server-based products for providers of hosted applications and services over the Internet or corporate intranets."
"VMware's server products will address some of the most critical issues facing providers of hosted applications and services. These include how to guarantee security on shared servers, maintain the stability of existing servers when adding new applications and services and overcome the incompatibility of Linux, Windows NT and Windows 2000. "Today's solution -- a server for each application, service or customer -- is not only expensive, but creates enormous systems administration and management problems," said Greene."
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