Virtualisation services provider VMware has moved to acquire to IT financial and business management software-as-a-solution service provider Digital Fuel.
The acquisition will allow VMware to move into the lucrative services and support for its cloud based virtual solutions.
Digital Fuel provides software that allows clients plan, manage and optimise costs that go into deploying complex cloud based IT solutions within their organisations.
"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,” he added.
The financial details of the acquisition were not announced but the companies expect to close the deal in July this year.
According to VMware, the acquisition will allow it to offer clients to see comprehensive financial reports which involve Bill of IT services, chargeback, service level reporting and vendor scorecards, apart from providing a complete transparency of IT costs. All in all, the company will be able to tell businesses about the financial impact of their IT decisions.
To read more on the reasons behind the acquisition, follow this link to official VMware blog.