VMware to buy AirWatch for $1.18B in cash

Cloud computing company VMware says it is buying mobile computing company AirWatch for about $1.18 billion in cash.

The deal also includes about $365M million in installment payments and assumed unvested equity.

VMware says the acquisition of the privately held Atlanta-based company will boost its mobile computing offerings for businesses without compromising security.

AirWatch will continue to be led by its founder and CEO John Marshall and will become part of VMware's end-user computing group.

AirWatch has more than 10,000 customers and 1,600 employees around the world.

The has been approved by the boards of both companies and the acquisition is expected to close late in the first quarter.

VMware Inc. shares are up more than 4 percent in premarket trading on the news.

Explore further

Software maker VMware buys Nicira for $1.26B

© 2014 The Associated Press. All rights reserved.

Citation: VMware to buy AirWatch for $1.18B in cash (2014, January 22) retrieved 8 May 2021 from https://phys.org/news/2014-01-vmware-airwatch-118b-cash.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.

Feedback to editors

User comments