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Slide #98. Vmware — AirWatch
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 co-founder and chairman, will be overseeing a new AirWatch operating board which will report to Pat Gelsinger, VMware chief executive officer.
VMware is engaged in the development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. Co.'s products and technology solutions include: Multi-Cloud, which provides infrastructure products and services to create a common operating environment based on VMware Cloud Foundation; Virtual Cloud Network, which provides a portfolio of Layer 2-7 virtual networking and security solutions; Digital Workspace, which deliver access to applications and data; Application Modernization, which enables customers to build, run and manage modern applications; and Intrinsic Security, which utilize the infrastructure.
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