Broadcom to Acquire VMware for $61B
Summary
VMware, a leading provider of multi-cloud services for all apps, pioneered virtualization technology, an innovation that positively transformed x86 server-based computing. VMware then created the software-defined data center and played a leading role in virtualizing networking and storage, before evolving to become a hybrid cloud and digital workspace leader. Today, VMwares multi-cloud portfolio, spanning application modernization, cloud management, cloud infrastructure, networking, security and anywhere workspaces, forms a flexible, consistent digital foundation on which the largest and most dynamic enterprises across industries build, run, manage, connect and protect their most important and complex workloads for the benefit of their customers. With the combined companys shared focus on technology innovation and significant research and development expenditures, Broadcom will deliver compelling benefits for customers and partners. VMwares platform and Broadcoms infrastructure software solutions address different but important enterprise needs, and the combined company will be able to serve them more effectively and securely.