Broadcom (NASDAQ: AVGO), a San Jose, CA-based global technology company that designs, develops, and supplies semiconductor and infrastructure software solutions, acquired VMware, a Palo Alto, CA-based provider of multi-cloud services for apps.
VMware’s common stock will now cease to be traded on the New York Stock Exchange (NYSE). Broadcom previously announced the results of the merger consideration elections made by VMware stockholders of record in its press release dated October 30, 2023.
VMware is a provider of multi-cloud services for all apps, enabling digital innovation with enterprise control. It works to harness innovation and solve customers’ challenges through technologies, like edge computing, AI, blockchain, machine learning, Kubernetes, and more.
Led by Hock Tan, President and CEO, Broadcom is a global technology leader that designs, develops, and supplies a broad range of semiconductor, enterprise software and security solutions. Its product portfolio serves critical markets including cloud, data center, networking, broadband, wireless, storage, industrial, and enterprise software. Its solutions include service provider and enterprise networking and storage, mobile device and broadband connectivity, mainframe, cybersecurity, and private and hybrid cloud infrastructure.
Broadcom’s focus moving forward is to enable enterprise customers to create and modernize their private and hybrid cloud environments. At the core, the company will invest in VMware Cloud Foundation, the software stack that serves as the foundation of private and hybrid clouds. Incremental to Broadcom’s investment in VMware Cloud Foundation, VMware will offer a rich catalog of services to modernize and optimize cloud and edge environments, including VMware Tanzu to help accelerate deployment of applications, as well as Application Networking (Load Balancing) and Advanced Security services, and VMware Software-Defined Edge for Telco and enterprise edges.
FinSMEs
23/11/2023