Skyview Buys VMware vRealize Business Enterprise from VMware
Skyview Capital (“Skyview”), a global private investment firm, announced that it has acquired the VMware vRealize® Business™ Enterprise (formerly known as Digital Fuel IT Financial Management) and IT Benchmarking (formerly known as iTHC) business from VMware. Skyview has formed a new company under the name Digital Fuel SV, LLC (“Digital Fuel”). VMware has invested in Digital Fuel and will continue to provide on-going support and services for mutual customers through a transition period.
Digital Fuel is a leader in the rapidly growing IT Financial Management (ITFM) sector, which provides software tools that help CIOs, IT Managers, and Finance Managers oversee IT spending and budgets. ITFM provides IT leaders with tools to manage their costs and services while also demonstrating the value provided by the IT function.
Following VMware’s acquisition of the business five years ago, Digital Fuel has emerged as an industry leader in the ITFM sector, selling to blue-chip enterprise customers across multiple end markets including Financial Services, Government, Education, and Healthcare. The business has helped customers optimize their IT spend and realize significant cost savings, while being more responsive to internal customer needs.
“The ability to understand IT costs and risks has become a top priority for senior executives around the globe, and Digital Fuel is well positioned to address their needs. With VMware’s continued minority interest and our operationally hands-on leadership approach, we expect to drive meaningful value for our customers, partners, and employees globally. We look forward to making near-term strategic acquisitions to expand Digital Fuel’s product and service offerings, while enhancing its value proposition in the industry,” said Alex Soltani, Chairman and CEO of Skyview.
“With our increased focus on customer adoption of the private cloud and extending our support for multi-cloud environments, it was key to identify the right home for our IT Financial Management product lines and team,” said Ajay Singh, senior vice president and general manager, Cloud Management Business Unit of VMware. “We expect Skyview Capital will accelerate the innovation and investment in the vRealize Business Enterprise and IT benchmarking solutions to the benefit of our mutual customers. During the transition, we will work with Digital Fuel to provide customers with on-going support and services.”
Terms were not disclosed, but VMware does not expect this transaction to have a material impact on VMware’s financial statements.
About Skyview Capital, LLC
Skyview Capital is a global private investment firm headquartered in Los Angeles, California, which specializes in the acquisition and management of mission critical enterprises in the areas of technology, telecommunications, business services and manufacturing. By leveraging its operational resources and financial acumen, Skyview systematically enhances the long-term sustainable value of the businesses it acquires. To date, Skyview has successfully completed over 25 transactions within its target market verticals. Visit www.skyviewcapital.com.
About Digital Fuel
Digital Fuel is an IT financial management (ITFM) tool that provides transparency and control over the costs of cloud environments and quality of IT services. Its suite of products allow businesses to optimize costs and sourcing across internal virtual infrastructure/private cloud and public cloud. Infrastructure teams use Digital Fuel to understand the costs of supplying private and public cloud environments, while CIOs and IT executives can understand the costs of supplying IT services.
For additional information, please contact Matt Oehlmann at (310) 273-6000 or via email at email@example.com