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VMWare Announces Definitive Agreement to Acquire AirWatch

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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.com/company/news-room/press-releases/2014/01/vmware-to-acquire-airwatch

 

Second source: http://www.reuters.com/article/2014/01/22/us-vmware-acquisition-idUSBREA0L0WY20140122

 

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