Scale Computing | October 20, 2020
Scale Computing, a market leader in edge computing, virtualization and hyperconverged solutions, today announced it is offering Acronis Agentless Backup for Scale Computing HC3, allowing for full virtual machine backup and fast recovery for HC3 clusters. This innovation delivers easy, efficient, reliable and secure protection for all data and apps in on-premises and remote systems, in private and public clouds, and on mobile devices.
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VMWARE
Broadcom | June 01, 2022
Broadcom announced Thursday that it intends to acquire virtualization pioneer and multicloud leader VMware for $61 billion in a landmark technology transaction rivaled only in value by Dell's $67 billion acquisition of EMC in 2016 and Microsoft's $68.7 billion acquisition of Activision Blizzard earlier this year.
The statement on Thursday confirms allegations that the two corporations were in purchase negotiations over the weekend.
According to the release, the boards of directors of both firms unanimously accepted the transaction. The purchase is scheduled to close in Broadcom's 2023 fiscal year, which runs from November 2022 to October 2023, pending regulatory, shareholder approvals, and other closing conditions.
As part of the agreement, Broadcom's software division would be absorbed into the VMware brand. Broadcom Software Group includes infrastructure and security software solutions for businesses.
VMware CEO Raghu Raghuram in a prepared statement said that "We stand for innovation and unwavering support of our customers and their most important business operations and now we are extending our commitment to exceptional service and innovation by becoming the new software platform for Broadcom. Combining our assets and talented team with Broadcom's existing enterprise software portfolio, all housed under the VMware brand, creates a remarkable enterprise software player.
Collectively, we will deliver even more choice, value and innovation to customers, enabling them to thrive in this increasingly complex multi-cloud era."
Broadcom, which already owns CA Technologies and security behemoth Symantec, is based on semiconductors. With inflation and recession worries likely dampening future IT hardware investment, Broadcom's purchase of VMware, with its extensive portfolio of digital solutions, might serve as a balm.
"VMware's platform and Broadcom's infrastructure software solutions address different but important enterprise needs, and the combined company will be able to serve them more effectively and securely."
Tom Krause, head of the Broadcom Software Group
The news of the prospective merger coincided with the publication of VMware and Broadcom's respective quarterly earnings results on Thursday. VMware announced overall revenue of $3.09 billion for the quarter, up 3% year on year, as well as $899 million in sales from SaaS and subscription solutions, up 21% year on year. Broadcom announced overall sales of $8.1 billion, an increase of 23% year on year.
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SERVER VIRTUALIZATION
Broadcom | June 21, 2022
Broadcom Inc., an American designer, developer, manufacturer, and supplier of a wide range of semiconductor and infrastructure software products, announced acquiring U.S.-based cloud computing and virtualization technology company VMware, Inc. The acquisition was completed with the transaction of cash and stocks worth approximately US$61 billion.
Broadcom’s CEO, Hock Tan expressed optimism about the chances for success of the merged companies, with plans to fuse Broadcom's existing security and infrastructure software into VMware's portfolio.
"Hock Tan is a very shrewd business guy. He is aware of financial implications, both short and long-term, for his company with these acquisitions. Will he bleed it dry? I suppose that's a possibility, but it's not clear yet."
Brian Kirsch, an IT architect and instructor at Milwaukee Area Technical College
VMware users and employees were concerned that the company would face the same fate as others after being acquired by Broadcom, but they are adopting a wait-and-see attitude. However, post the statement mentioned above, the stakeholders of VMware are now worried that the innovative technologies of the company will land on Broadcom Inc.’s chopping block, same as previously acquired companies.
The concerns of VMware employees and users are justified, seeing the position of companies such as CA Technologies in 2018 and Symantec's Enterprise Software Business in 2019 after the adoption of the “acquire and axe” policy by Broadcom.
One of the VMware insiders who deals with multiple tech teams at the company mentioned that Broadcom will sell off the VMware products and solutions, except the most profitable ones.
He further stated, "Some employees are nervous because of the cuts they figure are coming. Others are concerned they won't invest in some products like NSX Intelligence that look like they have a promising future."
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