The virtualization and cloud giant VMware is planning to acquire Virsto Software that makes makes storage performance software.

To me it looks like, the deal will help VMware to extend virtualization to all elements of data centers, including computing, networking, storage and security — plus speed up its development of storage technologies.

Virsto was founded in 2007 by Mark Davis (Chief Executive Officer), Alex Miroshnichenko (Chief Technology Officer) and  Serge Pashenkov (Vice President Engineering).

Company has raised over $24 million in venture capital from investors, including August Capital, Canaan Partners, Interwest Partners, Southern Cross Venture Partners and Correlation Ventures.

In a post on the Virsto website today, CEO Mark Davis wrote, “VMware has some great engineers and technologies that complement what Virsto brings to the table.  Together, we’ll build even more amazing solutions.

At the same time, VMware’s unique position in the datacenter universe gives Virsto a powerful way to go to market and catalyze growth of a substantial new segment of the enterprise and cloud storage market.”
John Gilmart, VMware VP of storage and availability, said, “I look forward to welcoming the very talented Virsto team to VMware as soon as we close the transaction, which we expect will occur later this quarter.”

“We have two plans for the Virsto product.  First, we’ll continue to offer Virsto’s standalone virtual appliance to help accelerate storage performance and improve efficiency in VMware vSphere environments. This means we’ll continue to support existing Virsto customers while also introducing Virsto’s capabilities to new users. Second, we’re planning to integrate Virsto’s architecture and data management services into future VMware products.  Stay tuned for more specifics on this,” John Gilmart said.

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