Acquires SpringSource for Undisclosed Sum

  • Feed Type
  • Date
    8/10/2009
  • Company Name
    SpringSource
  • Mailing Address
    411 Borel Avenue San Mateo, CA 94402
  • Company Description
    SpringSource is a leading provider of trusted open source software for mission-critical enterprise applications. SpringSource created and sustains the development of the Spring Framework, the leading Java™ and Java EE™ application framework. Through the Spring family of products, SpringSource has helped hundreds of organizations, including some of the world’s largest financial institutions and public sector clients, build and deploy mission-critical applications that boost developer productivity and increase enterprise ROI.
  • Website
    http://www.springsource.com
  • Transaction Type
    M&A
  • Transaction Amount
    Undisclosed
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    VMware said it will pay approximately $362M in cash and equity, plus assume approximately $58M in unvested stock and options for SpringSource.

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