VMware buying SpringSource for $420 million

Posted by Scott_Ruecker on Aug 11, 2009 12:56 PM EDT
Rueters; By Jim Finkle and Clare Baldwin 		Mail this story
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Business software maker VMware Inc has agreed to buy privately held SpringSource for $420 million, its biggest-ever acquisition, to beef up a portfolio of programs that help companies run data centers. VMware said on Monday the deal would hurt non-GAAP profitability through at least 2010, but not have material impact on 2009 revenue.

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