Software maker VMware buys Nicira for $1.26B

Published July 23, 2012 9:36pm ET



PALO ALTO, Calif. (AP) — Business software maker VMware is buying computer networking specialist Nicira for nearly $1.3 billion.

The deal announced Monday will expand VMware’s product line in the rapidly growing field of computer “virtualization.” The term refers to software that lowers the costs of running data centers by enabling a single computer to function like multiple machines.

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