VMware, a New York-listed provider of virtualization and cloud infrastructure, has agreed to acquire Virsto Software, a US-based provider of software that optimizes storage performance and utilization in virtual environments, to provide the first exit for venture capital firm Correlation Ventures.

In addition, database provider EMC plans to license the Virsto technology. In November, Frank Bien, formerly vice-president of strategic alliances for EMC’s big data division, joined Virsto as senior vice-president of strategy.

Virsto is backed by venture capital firms…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.

Not sure if you have a subscription?