VMware Boosting Cloud Solutions, Massachusetts Exit Count
July 5, 2012
DynamicOps, a VC-backed company founded in 2008, has entered into an agreement to be acquired by VMware (NYSE: VMW). VMware will use DynamicOps' cloud automation solutions to leverage its current virtualization and cloud infrastructure offerings. Exiting venture investors include Intel Capital, Next World Capital and Sierra Ventures.
While California companies account for the majority of IT exits, Massachusetts has proven it can hold its own when it comes to liquidity in the Network Management Software industry. The state has seen 16% of the completed exits (via corporate acquisitions or IPOs) since the beginning of 2010, while the golden giant stakes claim to a 66% share of the exit activity. VMware's announced acquisition of DynamicOps marks the first Massachusetts-based exit in play for the industry this year, following three completed exits in 2011. In total, 33 companies primarily serving the Network Management Software industry have completed exits since the beginning of 2010, according to the PitchBook Platform.
