VMware Cisco investment
From WikiCover
On July 27, 2007, VMware announced that Cisco Systems will acquire an equity stake in the company. Cisco will purchase $150 million of VMware Class A common shares currently held by EMC Corporation. Upon closing of the investment, Cisco will own approximately 1.6 percent of VMware's total outstanding common stock. Cisco's purchase is intended to strengthen inter-company collaboration towards accelerating customer adoption of VMware virtualization products with Cisco networking infrastructure and the development of customer solutions that address the intersection of virtualization and networking technologies.
In addition, VMware and Cisco have entered into a routine and customary collaboration agreement that expresses their intent to expand cooperative efforts around joint development, marketing, customer and industry initiatives. Through improved coordination and integration of networking and virtualized infrastructure, the companies intend to foster solutions for enhanced datacenter optimization and extend the benefits of virtualization beyond the datacenter to remote offices and end-user desktops.