Thursday, May 6, 2010

GemStone Systems Acquired By SpringSource

Beaverton, Oregon-based GemStone Systems, a developer of enterprise data management software, has been acquired by SpringSource, SpringSource said Thursday afternoon. Financial terms of the acquisition were not disclosed. SpringSource, which is a division of VMware, said that the acquisition would help it advance its vision for cloud computing. SpringSource said it will continue to fully support GemStone's product line, including GemFire Enterprise, a software product which distributes data to reduce network latency.