Boston, MA 03/18/2014 (wallstreetpr) – VMware, Inc. (NYSE:VMW) provides virtual infrastructural solutions which help companies transform the creation, delivery and consumption of information technology resources. In the latest move, the company has brought to the market its first software-defined storage solution, which to a greater extent lends credence to the technology that startups have been touting.
Acquisition of the storage solution
The VMware, Inc. (NYSE:VMW) virtual storage area network (Virtual-SAN) costs $2,495 per processor, while the Virtual-SAN for desktop comes at the price of $50 per user.
The company is also making a limited offer of two bundles, perhaps to encourage the trial and uptake of the storage technology. The company is offering virtual-SAN with vSphere advanced data protection at $2,875 per processor. The company also allows customers currently on vSphere Storage Appliance to upgrade to virtual-SAN at 20 percent below the list price.
Benefits of the technology
By offering this storage solution, VMware, Inc. (NYSE:VMW) hopes to play into the growing need of many enterprise software consumers. There is an increasing need for super storage solutions and as regards virtual storage area network, a breakthrough, or credence has been largely lacking. Thus, VMware, Inc. (NYSE:VMW)’s latest product offering not only opens yet another revenue source for the company, but also lends credibility to the market and this may even lead to greater business opportunities.
The technology is great in many ways. It not only offers better performance, but it is also more efficient in that it consume less of the CPU resources, just about less than 10 percent.
In all, VMware touts the technology as going beyond answering the needs for better performance and efficient virtual storage, but also makes sense for what the company is trying to accomplish.
Shares performance
Shares of VMware, Inc. (NYSE:VMW) closed at $109.74, up 4.02 percent. The day was characterized with heavy volume of shares changing hands. The shares escalated to a new one-year high of $110. The stock has lowest 52-week price level of $64.86.
