VMware Announces 2 Deals to Bulk Up Its Cloud Offerings

VMware said on Thursday that it had bought two companies offering cloud security and cloud developer services in separate deals valued together at about $5 billion, as it looks to expand the range of products and services it offers to its corporate clients.

VMware bought Pivotal Software in a $2.7 billion deal. Dell Technologies is the controlling stakeholder in both companies.

Separately, VMware said it would buy the software maker Carbon Black for about $2 billion in cash in a bid to expand its security offerings.

VMware makes cloud computing software, while Pivotal provides tools for software developers working on cloud services. Carbon Black, on the other hand, has a cloud security platform that uses big data and behavioral analytics to protect against cyberattacks.

“By bringing Carbon Black into the VMware family, we are now taking a huge step forward in security and delivering an enterprise-grade platform to administer and protect workloads, applications and networks,” the chief executive, Pat Gelsinger, said in a statement.

The company expects Carbon Black and Pivotal to meaningfully add to its revenue in the first year after closing the deals by January next year.

(Excerpt) Read more Here | 2019-08-23 01:05:00
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