Cisco picking up a stake in VMWare

Cisco, ever looking to stick its stubby fingers in a winning pie, is acquiring a stake in VMWare, makers of the ever popular line of machine virtualization software.

According to the press release, "Upon closing of the investment, the computer-networking company will own about 1.6 percent of VMware's total outstanding common stock. Palo Alto, Calif.-based VMware also agreed to consider the appointment of a Cisco executive to its board in the future"

Virtualization is becoming a hot commodity, and VMWare is in a healthy position to capitalize. Everyone wants to be on the winning team, eh?

Tags: cisco, virtualization, vmware