VMWare to acquire Boston-based CloudHealth for around $500M

Palo Alto-based VMware Inc. plans to acquire CloudHealth Technology Inc., a fast-growing cloud management software company in Boston that has raised more than $85 million from investors including .406 Ventures, Sigma Prime Ventures and Kleiner Perkins Caufield & Byers. VMware will pay roughly $500 million for the startup, a figure first reported by Reuters and independently confirmed by the Boston Business Journal. A VMware spokesperson declined to comment on the purchase price. In its announcement…

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VMWare to acquire Boston-based CloudHealth for around $500M