Monday, April 30, 2007

EMC's VMWare Subsidiary Files to Raise $100 Million in IPO - Hopkinton, MA

VMWare, a IT management software company that is owned by Hopkinton-based EMC, has filed for its initial public offering of stock to raise an estimated $100 million. Founded in 1998, VMWare offers products that support IT infrastructure optimization, business continuity, software lifecycle management and desktop management. The company was acquired by EMC in 2004. During 2006, the company had $703.9 million in revenue, an 82% increase over our 2005. Its profit in 2006 was $87 million, compared to $67 million in 2005.


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