VMware Sells IT Management, ROI Tools to Private Equity Firm
VMware Inc. has sold its vRealize Business Enterprise and IT Benchmarking tools to Skyview Capital, a private equity firm. The offerings allow CXOs, IT Pros and service providers to more effectively manage IT spending and associated budgets. Financial terms for the deal were not disclosed.
For those that want to track a bit of brand history.
- vRealize Business Enterprise was formerly called Digital Fuel IT Financial Management.
- IT Benchmarking was formerly called iTHC.
ROI, Financial Management Tools for IT
With that history in mind, Skyview is rebranding the acquired assets as Digital Fuel SV. VMware has an equity investment in Digital Fuel, and will work with the company to provide ongoing support and services for the customers through the transition, the companies said. VMware retains vRealize Business for Cloud, a separate product line developed in-house and introduced in October 2014, the companies added.
Digital Fuel’s customer base stretches across multiple verticals, particularly Financial Services, Government, Education and Healthcare, the company says.
Skyview Capital did not announce headcount figures or revenue/growth figures for Digital Fuel. We’re also checking to see if Digital Fuel will focus purely on VMware customers and platforms, or if the business will offer multi-platform support (Microsoft Hyper-V, Docker, physical assets, etc.).
Dell, EMC and VMware Assets
It’s unclear if the the VMware-Skyview deal is somehow associated with Dell’s recent EMC acquisition. The newly formed Dell Technologies, which owns a massive stake in VMware, has been rebalancing its technology and asset portfolio in recent months.
Among the recent moves: Dell sold off EMC’s Documentum business this morning. The company has also sold off the Quest Software and SonicWall businesses to private equity investors. Those deals are expected to be finalized by November 2016 or so. Dell will also cut 2,000 to 3,000 employees, reports suggest.