We acted as exclusive financial advisor to Digital Fuel Technologies, Inc. in its sale to VMware, Inc., the global leader in virtualization and cloud infrastructure, with headquarters in Silicon Valley and offices throughout the world.
Digital Fuel Technologies provides easy-to-use and fast-to-deploy IT financial management SaaS solutions that plan, bill, and optimize IT cost and value. The company is the inventor of this space and has enabled hundreds of enterprises to increase value and save millions in direct IT costs, while gaining predictability into IT spending.
With the acquisition, VMware will enable enterprises to more effectively manage the business impact of IT environments, centralizing visibility of IT costs, integrating financial discipline into IT decisions, and delivering meaningful measurements and reports that drive engagement with the CFO and line of business stakeholders.
Note: This work was performed prior to joining Stout.