Log Insight is an analytics and log management platform that has the ability to analyze large amounts of machine-generated data in real time. It is used for operational analytics in traditional data center and cloud environments. It has the ability to discover emerging patterns and guide administrators to the root cause of problems.
For more details, read this post by the founder of Pattern insight.
For one analysis of VMWare’s deeper move into cloud management, read this TechCrunch take on the acquisition.