KKR Announces $4B Deal For VMware’s End-User Computing Business
Summary
This is a great thing for the VDI industry.” Private equity firm KKR formally announced Monday that it plans to buy VMware’s End User Computing business in deal worth $4 billion. Jed Ayres, CEO of ControlUp, a leader in the digital employee experience software market, said he sees KKR bringing much needed investment, leadership and vision to the VMware EUC business. There have been a lot of layoffs and this could put hundreds of people back to work.” Joshua Lee, CTO at VirtuIT, a Nanuet, N.Y.-based VMware by Broadcom partner said he is glad EUC found a home. “Microsoft may put us in a tough spot, but I don’t have the risk of PE coming in and blowing the whole thing up.” According to the KKR statement, the EUC Division will be run by its existing management team led by Shankar Iyer. In addition to expanding R&D momentum and pursuing new strategic partnerships, KKR plans to support the EUC Division’s focus on customer relationships through investments across go-to-market functions.
Classifications
AskAI Classifications
LabelsLinked Companies
