This document provides an overview of VME and VPX standards for modular computing systems. It discusses the origins and evolution of VME, including its initial development based on Eurocard and VERSAbus standards. Key features of VME are described such as its modular design, interconnect standards, and support for real-time control applications. Enhancements to VME including VME64 and VME64x are summarized. The document then provides a brief introduction to the transition from VME to the newer VPX standard and OpenVPX specification.