VMware, a New York-listed provider of virtualization and cloud infrastructure, last week agreed to acquire Virsto, which provided the first exit for venture capital firm Correlation Ventures.
The Big Deal analysis rarely looks at the implications of an exit on a venture capital firm but the sale of Virsto Software, a US-based provider of software that optimizes storage performance and utilization in virtual environments, bears a closer look.
VMware, a New York-listed provider of virtualization and cloud infrastructure, last week agreed to acquire Virsto, which provided the first exit for venture capital firm Correlation Ventures.
Virsto is Correlation’s first exit after raising $165m in January last year…
