Broadcom Inc., a global technology leader that designs, develops and delivers semiconductor and infrastructure software solutions, today announced the completion of its acquisition of VMware, Inc. VMware's common stock will no longer be traded on the New York Stock Exchange stock exchange (NYSE).
Hok Tan, President and Chief Executive Officer of Broadcom, said: “We are excited to welcome VMware to Broadcom and bring together our engineering-first, innovation-driven teams as we take another important step forward in building the world's leading infrastructure company. technologies. With a shared focus on customer success, we are collectively well-positioned to enable global enterprises to leverage private and hybrid cloud environments, making them more secure and resilient. Broadcom has a long track record of investing in the businesses we buy to drive sustainable growth, and that will continue with VMware to benefit the stakeholders we serve.”
Broadcom's focus moving forward is to enable enterprise customers to build and modernize their private and hybrid cloud environments. Essentially, Broadcom is investing in the VMware Cloud Foundation, the software stack that serves as the foundation for private and hybrid clouds. In addition to Broadcom's investment in the VMware Cloud Foundation, VMware will offer a rich catalog of services to modernize and optimize cloud and edge environments, including VMware Tanzu to help accelerate application deployment, as well as network applications (load balancing) and Advanced Security Services and VMware Software-Defined Edge for Telco and Enterprise Edges.