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.
VIRTUAL DESKTOP STRATEGIES
Accops Systems | July 07, 2022
Accops, a leading provider of digital workspace technology products, today announced the appointment of Harish Menon as Chief Executive Officer (CEO), effective 5 July 2022. Harish carries an experience of 23+ years in enterprise solution sales and channel management in India and abroad. Vijender Yadav, Co-founder and current CEO, will step down from his current role and will focus on technology, innovation and R&D operations as Chief Technology Officer (CTO).
Menon has worked across several industries, including BFSI, Energy & Utility, IT/ITes, Aerospace & Defence, EPCI, Manufacturing, and Healthcare, among others, anchoring responsibilities in Indian and other global markets. At Accops, he will be responsible for driving business expansion in India and overseas. His focus will be to drive up revenues and fuel the company's growth momentum.
Most recently, Menon was Senior Director for Denmark-headquartered Envecon, acquiring marquee clients and transforming their technology landscape. He co-created and scaled the product portfolio while continuing to build an amazing team who managed clients globally.
Menon is an alumnus of IMT-Ghaziabad and graduated from Delhi University with B.Com (Honours).
"As we move forward towards our mission to create a progressive, sustainable organization, it's the right time to bring professionals with experience to lead the next level of growth. Harish is a highly seasoned professional with proven experience in driving sales and scaling up companies. This transition will allow us to focus more on innovative technology, product development, and improving service delivery," said Yadav.
Mohan Bhat, Co-founder and MD, who was instrumental in accelerating the company growth 3x, will now step into a new role as Chief Strategy Officer (CSO), focusing on customer success.
"We are striving to deliver more success to our customers with support of our channel partners. With Harish's decades of experience, customers and partners can expect better engagement and multi-fold increase in value delivered by Accops," said Bhat.
"Innovation at Accops is to meet the unsaid, unarticulated needs of clients who choose our solutions for not only transforming their employee experience but also to ensure business operations are streamlined and stay compliant with regulatory frameworks. I am excited to be part of Accops and contribute to this culture of innovation, keeping the interests of stakeholders, i.e. employees, customers and partners at the core of our aspirations,"
Accops is a Digital Workspace & Converged Identity and Access Management product company with a rich portfolio that includes Zero trust-based Application Access Gateway, EUC Virtualization via application & desktop virtualization (VDI), Identity & Access Management solutions and thin client/zero client hardware endpoints. Using Accops Digital Workspace suite, organizations can deliver any type of business applications to their workforce and vendors, offering them the freedom to work from anywhere, anytime, using their favourite devices. Accops solutions are comprehensive, integrated and simplified, replacing multiple point solutions.
VIRTUAL DESKTOP TOOLS
VMware | July 22, 2022
VMware, Inc. (NYSE: VMW) today announced that it has achieved Federal Risk and Authorization Management Program (FedRAMP) High Authorization through the Joint Authorization Board (JAB) for VMware Government Services, which includes VMware Carbon Black Cloud and VMware SD-WAN on AWS GovCloud (US). These cloud services are designed to empower US government agencies and customers supporting the US government to migrate, manage, and operate sensitive workloads in the cloud. VMware Government Services is now available on the FedRAMP Marketplace.
Across the public sector, agencies are laying the groundwork for multi-cloud-adoption. With expanded FedRAMP Authorized offerings at the High Impact Level, VMware can help agencies accelerate their digital transformation timelines. VMware Government Services provides software-as-a-service, platform-as-a-service, and infrastructure-as-a-service capabilities, delivering modern applications at the speed that government agencies demand and enabling them to operate across data centers, the edge, and cloud. VMware Carbon Black Cloud, VMware SD-WAN and VMware Cloud on AWS GovCloud (US), are cost-effective, more secure and compliant offerings that government agencies can now seamlessly leverage to modernize their infrastructures and accelerate multi-cloud initiatives.
“VMware continues to invest to help government agencies leverage the power of the cloud and evolve IT infrastructures, Achieving expanded FedRAMP authorizations enables us to meet our customers wherever they are on their digital transformation journeys to help them innovate faster and create resiliency while adhering to the highest security and compliance standards. These additional accreditations further our commitment to our public sector customers to help them better serve and meet mission demands.”
Jennifer Chronis, vice president, public sector, VMware
Empowering the Public Sector to See and Stop More Threats
VMware Carbon Black Cloud on AWS GovCloud (US) has received FedRAMP High Authorization amid an increasing demand by federal agencies for cloud-delivered security. Public sector customers can now deploy the modern endpoint security and advanced workload protection required to stay one step ahead of adversaries as geopolitically fueled cyberattacks increase. This authorization underscores VMware Carbon Black Cloud’s ability to prevent, detect, and respond to threats on endpoints and server workloads from a single console for improved visibility and simplified operations. Powered by VMware Contexa, VMware Carbon Black Cloud delivers authoritative intelligence that enables federal customers to correlate threats across their environments.
This designation solidifies VMware Carbon Black Cloud’s position as a trusted security platform helping the US government protect its most critical assets. As a founding member of the Cybersecurity and Infrastructure Security Agency’s Joint Cyber Defense Collaborative, VMware is also a trusted national security partner participating in public-private sector collaboration, threat intelligence sharing and cyber defense planning. In addition, VMware Carbon Black Cloud is pursuing authorization to operate at Department of Defense (DoD) Impact Level (IL-4) to expand its federal footprint to U.S. DoD and Defense Industrial Base customers.
Secure, Reliable Access to Cloud Apps & Services from Anywhere
VMware SD-WAN is an industry-leading software-defined WAN solution, that connects users across distributed locations more safely, reliably, and efficiently to cloud-based applications, cloud services and agency data centers. The anywhere workforce has become the new normal for many government agencies. Modernizing agency networks with VMware SD-WAN on AWS GovCloud will improve remote employee productivity with more secure and optimized application access while simplifying operations and maximizing ROI. VMware SD-WAN is the only SD-WAN solution today to receive FedRAMP High Authorization that complements government agencies’ cloud-smart adoption with assured performance for mission-critical applications in the cloud. In addition, VMware SD-WAN is a key enabler for agencies to deliver on their vision of 5G and edge compute by eliminating IT complexity while delivering greater efficiency and faster deployment. Agencies can leverage VMware SD-WAN as a critical component of a multi-layered security strategy to help accelerate their journey towards a zero-trust architecture.
Enabling Accelerated Multi-Cloud Adoption
In April, VMware Cloud on AWS GovCloud (US) achieved FedRAMP High JAB authorization as well as DISA Impact Level 5 (IL5) provisional authorization. VMware Cloud on AWS GovCloud (US) supports critical public sector use cases, including data center extension, cloud migration, virtual desktops, disaster recovery, and application modernization. Now in its third year of operation, VMware Cloud on AWS GovCloud (US) is serving a wide range of mission owners with availability in both US-East and US-West.
VMware is committed to achieving FedRAMP authorization for additional services. VMware Government Services will help fast-track authorizations enabling agencies to accelerate innovation and multi-cloud adoption on VMware’s trusted digital foundation.
VMware is a leading provider of multi-cloud services for all apps, enabling digital innovation with enterprise control. As a trusted foundation to accelerate innovation, VMware software gives businesses the flexibility and choice they need to build the future. Headquartered in Palo Alto, California, VMware is committed to building a better future through the company’s 2030 Agenda. For more information, please visit www.vmware.com/company.
VMware, Carbon Black, and VMware SD-WAN are registered trademarks or trademarks of VMware, Inc. in the United States and other jurisdictions. This press release may contain hyperlinks to non-VMware websites that are created and maintained by third parties who are solely responsible for the content on such websites.