VMware caters to various industry verticals, such as automotive, education, financial services, government, healthcare, manufacturing, retail, and telecommunication. VMWare had more than 1,200 technology partners and over 4,300 active service provider partners, as of December 31, 2016. The company heavily invests in R&D activities, for instance, the company invested more than 21% of its revenue, which is around USD 1.2 billion, in R&D in 2016. VMware mainly adopts the inorganic growth strategy to cater to its varied client base and maintain its leadership position in the market. For instance, in 2015, VMware announced new areas of collaboration with Fujitsu. VMware and Fujitsu work together to support their mutual customers around the world. Further, VMware strategically acquires companies that extend its capabilities and add value to its portfolio. For instance, in 2014, VMware acquired Third Sky, Inc. that provided VMware with an experienced consulting team to extend its capabilities with additional insights, methods, and experience relating to IT Service Management (ITSM) best practices.