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23 Jul 07

23.07.2007 - An OEM (Original Equipment Manufacturing) alliance between open source virtualisation player XenSource and security giant Symantec could present a strategic threat to VMWare’s dominance in the fast growing enterprise IT virtualisation realm.

 VMWare, which is a wholly-owned subsidiary of EMC and is in the process of creating 390 jobs in Cork, is the undisputed leader in the virtual machine market for x86 and x86-64 virtualised server environments, regarded as the fastest growing segment of the IT industry today.

However, a company that came into being only in January of this year and has already signed up 500 enterprise customers in that time, is building an independent software vendor (ISV) ecosystem that threatens VMware’s dominance.

Yesterday the company made an SEC filing showing an exchange program for VMWare employees to exchange their employee stock options. In another filing, the internal memo was included and here are some of the guts of it: As Diane Greene recently announced, VMware and EMC are launching the stock option and restricted stock Exchange Program for eligible VMware employees, effective today, Monday, July 9th, 2007. The EMC-VMware Exchange Program is a one-time offer for eligible employees to voluntarily exchange EMC Options and Restricted Stock for VMware Options and Restricted Stock respectively. If you are eligible and decide to participate in the Exchange Program, you must make your election(s) before the offer expires at 11:00 a.m. Pacific Time on August 6th, 2007 (unless the offer is extended).