VMware to Acquire Startup CloudHealth in Push to Grow Cloud Offerings

VMware to Acquire Startup CloudHealth in Push to Grow Cloud Offerings
VMware CEO Pat Gelsinger speaks during a news conference in Tokyo on July 15, 2014. Reuters/Yuya Shino
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VMware Inc will acquire CloudHealth Technologies as part of the information technology company’s continued push into cloud-based software services, the company announced on Aug 27.

The Palo Alto, California, company will pay approximately $500 million for the Boston-based startup, sources familiar with the matter told Reuters.