After Dell spinout, VMware CEO looks to cloud partnerships and M&A

Newly independent VMware Inc will look to pursue deeper deals with cloud computing providers and consider “large scale” acquisitions that could help the company grow, Chief Executive Raghu Raghuram told Reuters.

VMware on Monday completed its spinout from Dell Technologies Inc, which owned 81% of the Palo Alto, California-based software firm, to become a separate publicly traded company worth about $64 billion.

Founded in 1998, VMware led a major change in how big companies used their data centers with technology that let data center owners slice up physical computers into “virtual” machines that could be quickly scaled up or down for the task at hand to get more work done. VMware became a mainstay in corporate data centers.