Global technology leader Broadcom Inc. (NASDAQ: AVGO) has successfully concluded its acquisition of VMware, Inc., marking a significant milestone in advancing infrastructure technology. VMware’s common stock will no longer be traded on the New York Stock Exchange (NYSE) as a result of this acquisition.
Hock Tan, President and Chief Executive Officer of Broadcom, expressed excitement about welcoming VMware into the Broadcom family. The collaboration aims to synergize engineering-first and innovation-centric teams, propelling the vision of creating the world’s leading infrastructure technology company. Both companies share a commitment to customer success, intending to empower global enterprises in adopting secure and resilient private and hybrid cloud environments.
Moving forward, Broadcom’s strategic focus involves enabling enterprise customers to build and modernize their private and hybrid cloud environments. A key aspect of this strategy is the investment in VMware Cloud Foundation, a foundational software stack for private and hybrid clouds. This investment aligns with Broadcom’s established track record of fostering sustainable growth in acquired businesses. Additionally, Broadcom aims to leverage VMware’s offerings, including VMware Tanzu for accelerated application deployment, Application Networking (Load Balancing), Advanced Security services, and VMware Software-Defined Edge tailored for Telco and enterprise edges.
The completion of the VMware acquisition is part of Broadcom’s overarching commitment to innovation and reinforcing its position in the rapidly evolving technology landscape. The collaboration sets the stage for transformative advancements in infrastructure technology, benefiting stakeholders and customers alike.
As Broadcom continues its trajectory of strategic investments, the integration of VMware’s capabilities is anticipated to enhance the portfolio of services offered to enterprises seeking to modernize and optimize their cloud and edge environments. The combined expertise of Broadcom and VMware positions the partnership as a major player in shaping the future of enterprise technology solutions.
