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VMware All Set To Acquire Pivotal

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After making the acquisition of Heptio and Bitnami, VMware is now eyeing one of its family members for acquisition.

According to a statement released by Pivotal, “VMware would acquire all of the outstanding shares of Class A common stock of Pivotal for cash at a per-share price equal to $15.00.”

Pivotal was spun out of VMware and EMC to focus on Cloud Foundry, the open-source platform for software development. Last year Pivotal went public, but it didn’t perform quite well in the market.

A friendly acquisition by VMware will be a shot in the arm for Pivotal, given that Dell-EMC companies already work closely together.

VMware might announce the acquisition at the upcoming VMworld event.

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