& cplSiteName &

VMware Buys SDN Startup PLUMGrid's Assets

Mitch Wagner
12/19/2016
50%
50%

Nine months after telling Light Reading that it wasn't up for sale, SDN startup PLUMgrid has sold its technology and IP, and employees "have joined a new team." The buyer: VMware.

PlumGrid Inc. announced the sale on its blog Monday, without naming the buyer. VMware confirmed in email that it's the company making the acquisition. The deal closed Friday, VMware says.

Neither company would comment on the price, or future of PLUMgrid's management team, or how PLUMgrid will fit into VMware's line.

We're told that VMware grabbed all of PLUMgrid's technology and most employees -- but not PLUMgrid CEO Larry Lang, who joined the company in 2015. (See PLUMgrid Appoints Larry Lang as CEO.)

Rumors were swirling in March that PLUMgrid was looking for a suitor, but Lang denied it to Light Reading. (See PLUMgrid CEO on M&A Rumors: Nope.)

"We're not really on the market," he said at the time. But he added, "We're a startup company. If someone came to the door with the right offer, we'd look at it."


Want to know more about the cloud? Visit Light Reading Enterprise Cloud.


Lang said at that time that the company had enough cash to get through the end of the year. So that was a close call for PLUMgrid.

I emailed Lang Monday morning: "Looks like you were on the market after all, eh?" I said. He replied: "Every debutant is happy to receive gentlemen callers. ;-)"

PLUMgrid was founded in 2011, backed by US Venture Partners, Hummer Winblad Venture Partners, Longworth Venture Partners, Qualcomm Ventures and Swisscom Ventures. It has received $45.91 million in three funding rounds, according to CrunchBase.

Related posts:

— Mitch Wagner, Follow me on TwitterVisit my LinkedIn profile, Editor, Light Reading Enterprise Cloud

(3)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
CSmith67
50%
50%
CSmith67,
User Rank: Light Beer
12/20/2016 | 8:57:00 AM
Great
VMR is making a constant progress. I see a bright future ahead of them!
brooks7
50%
50%
brooks7,
User Rank: Light Sabre
12/19/2016 | 7:41:50 PM
Re: Good News
"The company has been making inroads to cloud for years"

You mean like every implementation in the IT world uses either Vmware or Xen?

seven

 
danielcawrey
50%
50%
danielcawrey,
User Rank: Light Sabre
12/19/2016 | 7:19:37 PM
Good News
This is certainly good news for VMware. 

The company has been making inroads to cloud for years. SDN is just a logically continuation of its technology evolution, so the PLUMGrid acquistion makes sense. 
Featured Video
From The Founder
Light Reading is spending much of this year digging into the details of how automation technology will impact the comms market, but let's take a moment to also look at how automation is set to overturn the current world order by the middle of the century.
Flash Poll
Upcoming Live Events
November 1, 2017, The Royal Garden Hotel
November 1, 2017, The Montcalm Marble Arch
November 2, 2017, 8 Northumberland Avenue, London, UK
November 2, 2017, 8 Northumberland Avenue London
November 10, 2017, The Westin Times Square, New York, NY
November 16, 2017, ExCel Centre, London
November 30, 2017, The Westin Times Square
May 14-17, 2018, Austin Convention Center
All Upcoming Live Events
Infographics
With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
Hot Topics
Is US Lurching Back to Monopoly Status?
Carol Wilson, Editor-at-large, 10/16/2017
Pai's FCC Raises Alarms at Competitive Carriers
Carol Wilson, Editor-at-large, 10/16/2017
The Big Cable DAA Update
Mari Silbey, Senior Editor, Cable/Video, 10/11/2017
Muni Policies Stymie Edge Computing
Carol Wilson, Editor-at-large, 10/17/2017
'Brutal' Automation & the Looming Workforce Cull
Iain Morris, News Editor, 10/18/2017
Animals with Phones
Live Digital Audio

Understanding the full experience of women in technology requires starting at the collegiate level (or sooner) and studying the technologies women are involved with, company cultures they're part of and personal experiences of individuals.

During this WiC radio show, we will talk with Nicole Engelbert, the director of Research & Analysis for Ovum Technology and a 23-year telecom industry veteran, about her experiences and perspectives on women in tech. Engelbert covers infrastructure, applications and industries for Ovum, but she is also involved in the research firm's higher education team and has helped colleges and universities globally leverage technology as a strategy for improving recruitment, retention and graduation performance.

She will share her unique insight into the collegiate level, where women pursuing engineering and STEM-related degrees is dwindling. Engelbert will also reveal new, original Ovum research on the topics of artificial intelligence, the Internet of Things, security and augmented reality, as well as discuss what each of those technologies might mean for women in our field. As always, we'll also leave plenty of time to answer all your questions live on the air and chat board.

Like Us on Facebook
Twitter Feed