VMware announced that it will acquire Digital Fuel, an IT financial software-as-a-service provider, for an undisclosed amount. Last week, Globes speculated that Digital Fuel would be acquired for $85 million.
Digital Fuel was founded in 2000 and sells software for managing service level agreements (SLAs) and other financial aspects relating to IT. It’s an interesting move that compliments VMware’s existing set of products for managing virtual machines.
Digital Fuel competes with Apptio, a market partner with VMware.