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VMware to Acquire Digital Fuel, IT Financial and Business Management SaaS Company
VMware, Inc., the global leader in virtualization and cloud infrastructure, today announced its intention to acquire Digital Fuel, a leader in IT Financial and Business Management SaaS solutions. Digital Fuel's solutions enable companies to plan, manage and optimize cost and value in the emerging world of cloud based dynamic IT. With this acquisition, VMware will enable enterprises to more effectively manage the business impact of IT environments, centralizing visibility of IT costs, integrating financial discipline into IT decisions, and delivering meaningful measurements and reports that drive engagement with the CFO and line of business stakeholders. Terms of the acquisition were not announced. The acquisition is scheduled to close in July 2011, subject to customary closing conditions.

"Cloud computing represents a fundamentally new model for IT, enabling enterprises to realize unprecedented gains in operational efficiency, while also understanding, managing and optimizing IT resources based on granular business metrics," said Boaz Chalamish, VP and General Manager, VMware. "New levels of financial visibility and control in cloud environments will enable CIOs to engage with the CFO, line of business stakeholders and others around how IT investments translate to real business value. As an authority on helping organizations navigate the business operations of IT, Digital Fuel will add a significant capability to our portfolio, broadening beyond operational management to include business-centric capabilities."

"As Cloud computing evolves, the enterprise faces many strategic decisions and IT alternatives to drive business success and efficiency. As a result, the need for solutions for costing, budgeting, optimizing IT and business decision-making have become crucial to all enterprises," said Yisrael Dancziger, President and CEO of Digital Fuel. "Digital Fuel takes pride in its state of the art, customer proven solutions and services. We're excited to join VMware in enabling IT to play an increasingly strategic role in achieving the goals of the business through informed, business-oriented decisions."

Cloud Computing Drives New IT Business Orientation

Core to VMware's vision for IT as a Service is the ability to understand and manage the business impact of IT. Digital Fuel delivers comprehensive financial analysis of IT resources to proactively manage the costs, budgeting and billing of IT services. Digital Fuel's solution portfolio enables transparent analysis of a broad range of IT financial metrics spanning physical and virtual systems to people and application costs to compute, storage, and networking resources, even when sourced from public cloud service providers. Digital Fuel also analyzes usage and service levels to give enterprises the most complete picture of overall IT costs and areas for optimization. This visibility and analysis is critical to ongoing management of IT budget pressures, while also empowering CIOs to more effectively engage business partners with clear metrics that outline costs, optimal trade-offs and value returned for IT investments.

Digital Fuel's portfolio for IT costing, budget, chargeback, cost optimization, vendor management and SLA management integrates with a broad set of systems, applications, data sources and third-party management technologies to deliver comprehensive, unified financial analysis. These offerings, offered both on-premise within an enterprise datacenter and delivered via Software as a Service (SaaS) models for maximum flexibility, will complement VMware's portfolio of management solutions including vCenter Chargeback and Service Manager. The acquisition of Digital Fuel will enable VMware's enterprise customers to:

  • Engage more effectively with business stakeholders through meaningful measurements and reports, including a Bill of IT Services, chargeback, service level reporting, and vendor scorecards.

  • Gain complete, consolidated visibility into IT costs (Capex, Opex and Service costs) across a broad range of financial data sources.

  • Manage IT agendas with deep financial discipline, leveraging fact-based decisions across the IT portfolio to make informed financial trade-offs aligned to business priorities.

Published Monday, June 13, 2011 6:35 PM by David Marshall
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VMware to Acquire Digital Fuel, IT Financial and Business … | digipreneur.co.cc - (Author's Link) - June 14, 2011 3:39 AM
VMware to Acquire Digital Fuel, IT Financial and Business … | Cmofinance.com: Where Digital marketers get their news - (Author's Link) - June 14, 2011 4:25 AM
VMware to Acquire Digital Fuel, IT Financial and Business … | Resorts English Translation - (Author's Link) - June 14, 2011 3:03 PM
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