VMware to unleash cloud computing push; other headlines

VMware 'Redwood' to take on cloud; spending on financial systems remains strong.

IT channel news for August 17, 2009

VMware preps 'Redwood' to run computing clouds

VMware Inc. will start talking about its secret Redwood project in a few weeks. Redwood will build on vCenter Orchestrator and vCenter Lab Manager and seek to displace the popular Xen that powers many public clouds now, according to SearchCloudComputing.com. Company execs will discuss the project at a VMworld 2009 session titled "Unveiling New Cloud Technologies" at the annual conference kicking off in San Francisco on Aug. 31.

Companies keep spending on financial systems

In spite of -- or perhaps because of -- the continuing recession, businesses are buying more accounting, financial reporting and forecasting technology, according to a recent Forrester Research report.

Companies are replacing and/or adding on to existing financial systems to meet compliance requirements and the need to optimize cash flow. Financial management software that continues to see widespread adoption includes budgeting and forecasting, cost and profitability management, account reconciliation, receivables and collections management, and expense reporting.

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