‘Cloud Computing Is The Fifth Wave’
Grazed from BusinessWorld. Author: Editorial Staff.
VMware is an American technology company that provides cloud and virtualisation software and services. Virtualisation in computing refers to the process of creating a virtual (rather than a real) version of hardware, operating systems, storage devices, and computer network resources. It has helped technology companies reduce expenses by boosting efficiency and agility.
Though VMware is majority owned by data storage giant EMC, it operates independently and works with even competitors of its parent. It accounts for a quarter of EMC’s revenues, and more than 70 per cent of EMC’s market capitalisation of nearly $60 billion. VMware, which had revenues of $5.21 billion in 2013, is the fifth-largest software company in the world…

