Broadcom will acquire VMware
A letter from the VMware CEO Raghu Raghuram revealed that VMware has entered into an agreement with Broadcom. He advised that after the successful transaction, VMware would become the software platform and brand for Broadcom.
The letter reads “We will provide enterprise customers an expanded suite of mission-critical solutions to accelerate innovation and address their most complex information technology infrastructure challenges. After the deal closes, the combined solutions will enable greater choice and flexibility for our customers to modernize, build, deploy, connect, and protect applications consistently, in a Multi-Cloud world. The transaction is expected to close during Broadcom’s fiscal year 2023 (Nov. 2022-Oct. 2023).”
VMware is a familiar name in the information technology industry, it is a cloud computing technology company. It was founded in 1998, acquired by EMC in 2003. In 2016, Dell acquired EMC, and later spin off VMware in 2021. VMware has wide range of products, including multi-cloud, app platforms, could and edge infrastructure and security products.