The AirWatch acquisition puts VMware in the mobile device management market. VMware gains access to AirWatch’s offerings, including a portfolio of mobile solutions complementary to VMware’s own portfolio.
“AirWatch provides best-in-class, secure, enterprise-mobile management to thousands of businesses around the world,” commented Pat Gelsinger, CEO, VMware. “With this acquisition VMware will add a foundational element to our end-user computing portfolio that will enable our customers to turbo-charge their mobile workforce without compromising security.”
Under the agreement, VMware will buy AirWatch for $1.175 billion in cash and about $365 million of installment payments and assumed unvested equity. The acquisition expands VMware’s End-User Computing group.
“When we started AirWatch, we set out to help businesses succeed in the mobile explosion that was set to come. Now there are more than 2 billion smart phones and tablets in the world and more than half of those devices touch an enterprise,” said Alan Dabbiere, co-founder and chairman, AirWatch. “By joining a proven innovator like VMware, we now have an opportunity to bring our leading-edge solutions to an even broader set of customers and partners to help them optimize for the mobile-cloud world.”
AirWatch’s Atlanta site is expected to expand and to be the centre of VMware’s mobile operations. The acquisition is expected to close during late Q1 2014, subject to regulatory approvals and customary closing conditions.
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