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What do I need to run VMWare virtual servers?

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We are finally considering purchasing VMWare software/license to run some of our servers. I'm a new to virtualize servers. So here are my questions. We are considering the VMware vSphere Standard 1 Processor 3yr E-LTU from HP. Here's what I need to know:

 

  1. Do we need this particular software/license if we only have one physical server with two processors?
  2. Do we need vCenter to manage our multiple virtual servers if we only have one physical server?
  3. If we need vCenter to manage all of our vritual servers in one machine, what's the license cost?
  4. What's the difference between vSphere and vCenter? Do I need both to run my virtual servers within one physical machine?

 

 

Any help is much appreciated.


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