US-based virtualisation software provider VMware has acquired the US-based anti-fraud services provider PacketMotion for an undisclosed amount, leading to an exit for Intel Capital, the corporate venturing unit for the US-based semiconductor maker.
Intel Capital had invested in both of PacketMotion’s series B rounds, which raised $14m in August 2005 and $6m in September 2006 respectively, as well as its series C rounds. Packetmotion’s series C rounds secured $7.5 in August 2007 and $8.4m in December 2010.
Other backers included venture capital (VC) firms Menlo Park Ventures, Mohr Davidow Ventures and Onset Ventures, the latter two having backed PacketMotion since its 2004 series A round, which raised $7m. Further investors in Packetmotion’s later rounds were VC firms Reservoir Ventures and Athenian Venture Partners.
VMware is planning to integrate Packetmotion’s technology into its vShield cloud security service. In addition, PacketMotion staff will join VMware’s Cloud Infrastructure Business Unit.