WASHINGTON (dpa-AFX) - VMware, Inc. (VMW) announced it has signed a definitive agreement to acquire Nicira, Inc. for about $1.05 billion in cash plus approximately $210 million of assumed unvested equity awards.
Nicra is a pioneer in software-defined networking or SDN and a leader in network virtualization for open source initiatives.
The parties expect the acquisition to close during the second half of 2012. The acquisition has been approved by the boards of directors of both VMware and Nicira and the stockholders of Nicira.
VMware stated it plans to continue to support the open principles and technologies that have made Nicira solutions successful, including the Open vSwitch to connect physical networks and multiple hypervisors and the open extensibility framework to implement business-level policies from any cloud management system.
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