VMware to buy Arkin for network virtualization

VMware says the transaction is expected to close in the second quarter of 2016. Photo:

US-based virtualization and cloud computing software provider VMware on Monday announced the acquisition of Arkin Net, a data centre and cloud infrastructure management company based in Pune and Silicon Valley.

The company did not disclose the financial terms of the acquisition. In a statement, VMware said the transaction is expected to close in the second quarter of 2016.

Once the acquisition is completed, VMware plans to integrate Arkin with its vRealize Suite of cloud management tools, adding network virtualization support to an offering that previously only worked with compute and storage, the statement said.

“Arkin is a great fit for VMware and its customers as we look to accelerate our growth businesses, including cloud management and network virtualization,” said Ajay Singh, senior vice-president and general manager, cloud management business unit, VMware.

The two companies are already collaborating on projects for mutual customers like Columbia Sportswear, California Department of Water Resources and Nebraska Medicine. VMware is a part of EMC Corporation which is in the process of being integrated with Dell.

“Arkin and VMware have been great partners and we’re now excited to join the VMware family to take Arkin to the next level,” said Shiv Agarwal, co-founder and chief executive officer, Arkin.

Arkin was founded in 2013 by IIT Kanpur alumni Agarwal, Rohit Toshniwal, Mukul Gupta and IIM Lucknow alumnus Abhijit Sharma. It is backed by Nexus Venture Partners and has received two rounds of funding totalling $22 million.

In November 2014, it received $7 million in a round led by Nexus Venture Partners with participation from B.V. Jagadeesh, former CEO at NetScaler; Alan Cohen, chief commercial officer of Illumio; and Semil Shah of Haystack Fund.

Later, in June 2015, Arkin secured $15 million in a Series B round from Nexus Venture Partners and industry veterans including Jagadeesh.

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