VMware Hosts White House Council on Jobs and Competitiveness
Silicon Valley Event to Support Innovation, Promote Economic Growth and Encourage Entrepreneurialism
AUGUST 2, 2011 – PALO ALTO, CA –Today VMware, the global leader in virtualization and cloud infrastructure, hosted the White House Council on Jobs and Competitiveness and industry luminaries at its global headquarters to discuss the role of innovation in economic growth and job creation. Co-sponsored by the National Venture Capital Association, TechNet and the Silicon Valley Leadership Council, participants explored ways to propel job creation, further next-generation R&D and attract the world’s most talented employees to continue driving US economic growth.
Hosted by VMware Chief Technology Officer and SVP of R&D Steve Herrod, panelists participating in the discussion with local businesses and entrepreneurs included Jobs Council Members Steve Case, John Doerr and Sheryl Sandberg, as well as Netflix CEO Reed Hastings, and US Chief Technology Officer Aneesh Chopra. Chris Anderson, Editor-in-Chief of Wired Magazine, was the moderator.
"At VMware we believe innovation is the lifeblood of progress," said Steve Herrod, VMware Chief Technology Officer and SVP of R&D. "From our earliest days as a startup through our growth to a leader in cloud computing, it's our investment in the people and technologies of the future that drives our ability to lead the industry and grow the market. We serve the most demanding customers on earth, from government agencies to global corporations to small and medium businesses around the world, and they all expect breakthrough technology that helps them succeed in the Cloud Era."
To read more about VMware’s innovation philosophy please visit Steve Herrod’s blog at: http://communities.vmware.com/community/vmtn/cto/steve/
VMware delivers virtualization and cloud infrastructure solutions that enable IT organizations to energize businesses of all sizes. With the industry leading virtualization platform – VMware vSphere® – customers rely on VMware to reduce capital and operating expenses, improve agility, ensure business continuity, strengthen security and go green. With 2010 revenues of $2.9 billion, more than 250,000 customers and 25,000 partners, VMware is the leader in virtualization which consistently ranks as a top priority among CIOs. VMware is headquartered in Silicon Valley with offices throughout the world and can be found online at www.vmware.com.
This press release contains forward-looking statements including, among other things, statements regarding VMware’s industry leadership, market growth and delivery of breakthrough technologies to our customers These forward-looking statements are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in consumer or information technology spending; (iii) competitive factors, including but not limited to pricing pressures, industry consolidation, entry of new competitors into the virtualization market, and new product and marketing initiatives by our competitors; (iv) our customers’ ability to develop, and to transition to, new products and computing strategies such as cloud computing and desktop virtualization; (v) the uncertainty of customer acceptance of emerging technology; (vi) rapid technological and market changes in virtualization software and platforms for cloud and desktop computing; (vii) changes to product development timelines; (viii) VMware’s ability to protect its proprietary technology; and (ix) VMware’s ability to attract and retain highly qualified employees.. These forward looking statements are based on current expectations and are subject to uncertainties and changes in condition, significance, value and effect as well as other risks detailed in documents filed with the Securities and Exchange Commission, including our most recent reports on Form 10-K and Form 10-Q and current reports on Form 8-K that we may file from time to time, which could cause actual results to vary from expectations. VMware assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release.