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VMWare Announces Definitive Agreement to Acquire AirWatch


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#1 #Michael

#Michael

    Neowinian Senior

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  • Joined: 28-August 01

Posted 22 January 2014 - 16:22

For companies that use MDM solutions to manage smartphones/tablets/computers this is pretty big news.

 

 

PALO ALTO, Calif., January 22, 2014 – VMware, Inc. (NYSE: VMW), the global leader in virtualization and cloud infrastructure, and AirWatch today announced that they have signed a definitive agreement under which VMware will acquire AirWatch, the leading provider of enterprise mobile management and security solutions. VMware will acquire AirWatch for approximately $1.175B in cash and approximately $365M of installment payments and assumed unvested equity. The AirWatch team will continue to report to founder and chief executive officer John Marshall as part of VMware’s End-User Computing group, led by Sanjay Poonen, EVP and GM. Alan Dabbiere, AirWatch’s cofounder and chairman, will be overseeing a new AirWatch operating board which will report to Pat Gelsinger, VMware chief executive officer.

 

“AirWatch provides best-in-class, secure, enterprise-mobile management to thousands of businesses around the world,” said Pat Gelsinger, chief executive officer, VMware. “With this acquisition VMware will add a foundational element to our end-user computing portfolio that will enable our customers to turbo-charge their mobile workforce without compromising security.”

 

Full press release: http://www.air-watch...cquire-airwatch

 

Second source: http://www.reuters.c...EA0L0WY20140122

 






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