Veritas Software Corp. announced that it has made a strategic investment in Palo Alto, Calif.-headquartered VMWare, Inc.
According to Veritas, the Mountain View, Calif.-based software company has invested $5 million in VMware, a provider of application and service delivery platforms for desktop PCs and servers. Veritas said that this is a strategic move and is part of its $100 million commitment to invest in development-stage companies that provide strategic opportunities to the storage market.
Veritas said that VMware shares Veritas' common vision in server consolidation of enterprise and application server provider (ASP) markets.
VMware software allows users to simultaneously run multiple protected sessions and more than one operating system on a single Intel computer.
Veritas said that VMware's technology-combined with its own clustering technology-would support multiple pre-configured environments from a single backup server, allowing fail-over to occur without the need for a completely independent computer.
"VMware can leverage our reach into enterprise environments, thereby aiding them in the development of server products that will address some of the more-critical issues facing providers of hosted applications and services over the Internet," said Mark Leslie, chairman and CEO, Veritas.