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VMware invests in Terremark Worldwide Inc
VMware has purchased a 5% stake in this IT-infrastructure services firm, Terremark Worldwide Inc. Interesting, this might give VMware more exposure to direct customer feedback as well as identifying market opportunities through dialogue with this services company, I wonder if it might also help with revenues for both organizations? We’ll have to see, off to read up more the press release is below:
By: The Associated Press | 26 May 2009 | 04:47 PM ET
MIAMI – Technology company VMware Inc. will pay $20 million in stock to acquire a 5 percent stake in IT-infrastructure services firm Terremark Worldwide Inc.
Terremark said Tuesday that VMWare would buy 4 million shares of newly issued stock at $5 apiece.
Terremark Chairman and Chief Executive Manuel D. Medina said VMware’s technology is used in his company’s offerings. He called the investment a strong show of support from a strategic partner.
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