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SpringSource acquired by VMWare

VMware , the global leader in virtualization solutions have today annouced the acquisition of springSource . VMware will acquire SpringSource for approximately $362 million in cash and equity plus the assumption of approximately $58 million of unvested stock and options.

I have been a big fan of spring soucre and their business model. SpringSource developed an excellent framework which they gave to public and developed a very good business model around consulting.While Sun had developed java , they never build a business around consulting. Sun microsystem focused mainly on hardware.

On other hand Spring Source build a business model around Open Source and earned revenues with Consulting , training and certification.

VM ware gets an excellent product base and a super team.

Congrats to Spring Source team!!

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