Arik Hesseldahl

Recent Posts by Arik Hesseldahl

VMware to Acquire Storage Software Company Virsto

VMware said today that it reached a deal to acquire Virsto, a maker of software that specializes in optimizing storage in virtual and cloud computing environments. Financial terms were not disclosed. Virsto was founded in 2007, and had raised about $24 million in venture capital funding from August Capital, Canaan Partners, InterWest Partners, Southern Cross Venture Partners and Correlation Ventures. VMware shares fell more than 2 percent during the day, to $77.04 per share.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald