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At the same event, Cisco and EMC introduced a joint venture named Acadia.<ref>{{Cite news |title= Cisco, EMC Form Acadia Joint Venture for Data Centers (Update3) |author= Rochelle Garner |date= November 3, 2009 |work= Bloomberg news |url= http://www.bloomberg.com/apps/news?pid=newsarchive&sid=azxgvBN9ckao&pos=7 |accessdate= August 9, 2013 }}</ref> The goal of Acadia, originally set up as a separate legal entity, was to ensure that Vblock Infrastructure Packages were built in a standardized and repeatable fashion for customer data centers.<ref name="chief">{{Cite news |title= Cisco, EMC, VMware Channel Chiefs Talk Up Vblock Partner Play |author= Joseph F. Kovar |date= November 3, 2009 |work= CRN |url= http://www.crn.com/news/storage/221600134/cisco-emc-vmware-channel-chiefs-talk-up-vblock-partner-play.htm |accessdate= August 9, 2013 }}</ref>
[[Michael Capellas]], who also was a board member of Cisco, was named chairman of Acadia, and its initial chief execute officer (CEO) in 2010.<ref>{{cite web |url=http://online.wsj.com/article/NA_WSJ_PUB:SB10001424052748703322204575226973507577344.html |title=Capellas to Run Cisco, EMC Ventures |author=Don Clark |date=May 5, 2010 |work=WSJ.com |publisher=Dow Jones & Co. |accessdate= August 19, 2010 }}</ref><ref>{{Cite web |title= ACADIA |work= Original web site |url= http://www.acadia.com/index.htm |deadurl=yes |archiveurl= http://web.archive.org/web/20101019041025/http://www.acadia.com/index.htm |archivedate= October 19, 2010 |accessdate= August 9, 2013 }}</ref>
By the end of 2010, Capellas told analysts the venture had 65 customers, with an average system costing about $2.5 million.<ref>{{Cite news |title= Vblock clouds moisten the data center: Capellas talks up VCE sales and pipeline |author=
Acadia and the Virtual Computing Environment coalition combined into a single entity in January 2011, called VCE, the Virtual Computing Environment Company.<ref>{{Cite web |title= VCE Coalition Combines with Acadia, Simplifies Name to VCE |work= The VAR Guy |date= January 21, 2011 |url= http://thevarguy.com/virtualization-applications-and-technologies/vce-coalition-combines-acadia-simplifies-name-vce |accessdate= August 9, 2013 }}</ref><ref>{{Cite news |title= VCE Coalition and Acadia Combined and Renamed VCE, the Virtual Computing Environment Company |work= Press release |date= January 20, 2011 |publisher= VCE |url= http://www.vce.com/about/media/news?id=tcm:20-468 |accessdate= August 9, 2013 }}</ref>
Originally located in [[Silicon Valley]] with operations in [[Massachusetts]] and [[Dallas, Texas]], an expansion was announced in March 2011 to [[Richardson, Texas]] with an investment from the [[Texas Enterprise Fund]].<ref>{{Cite news |title= VCE, Major Cloud Computing Company, Plans Major Expansion in Richardson |work= Press release |date= March 15, 2011 |publisher= VCE, The Virtual Computing Environment Company |url= http://www.vce.com/about/media/news?id=tcm:20-476 |accessdate= August 9, 2013 }}</ref>
In July 2012, Cisco executive Praveen Akkiraju was appointed CEO and Frank Hauck as president.<ref>{{Cite news |title= VCE Appoints Praveen Akkiraju Chief Executive Officer |work= Press release |date= July 19, 2012 |publisher= VCE |url= http://www.vce.com/about/media/news?id=tcm:20-2159 |accessdate= August 9, 2013 }}</ref>
In May 2013, VCE estimated a $1 billion annual sales rate with more than 1,000 Vblock systems sold.<ref name="bets" /> ▼
In November 2012, the company claimed VCE was the market share leader for integrated infrastructure systems in an analysis by [[Gartner]]. The report was Gartner's first analysis of the integrated systems, which traditionally tracked server, networking, and external controller-based storage as individual markets. The report claimed that VCE had a 57.4% share among endors of integrated infrastructure systems in the second quarter of 2012 based on revenue.<ref>{{Cite web |title= Market Share Analysis: Data Center Hardware: Integrated Systems, 1Q11-2Q12 |publisher= Gartner |author= Adrian O'Connell |date= November 30, 2012 |url= http://www.vce.com/asset/documents/gartner-market-share-analysis-report.pdf |accessdate= August 9, 2013 }}</ref>
VCE was named one of the “2013 Virtualization 50” by ''[[CRN Magazine]]''.<ref name="crn13">{{Cite news |title= 2013 Virtualization 50 |work= CRN |date= May 24, 2013 |url= http://www.crn.com/slide-shows/virtualization/240155351/2013-virtualization-50.htm?pgno=43 |accessdate= August 9, 2013 }}</ref>
▲In May 2013, VCE estimated a $1 billion annual sales rate with more than 1,000 Vblock systems sold.<ref name="bets" />
However, in US [[Securities and Exchange Commission]] filings, EMC accounted for a cumulative loss of over $430 million, and Cisco a loss of $457 million by early 2013.<ref>{{Cite news |title= Cisco, EMC tout VCE market share, but report losses |author= Larry Dignan |work= Between the Lines |publisher= ZDNet |date= ebruary 21, 2013 |url= http://www.zdnet.com/cisco-emc-tout-vce-market-share-but-report-losses-7000011627/ |accessdate= August 11, 2013 }}</ref>
==Products and services==
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