Dyman & Associates Risk Management Projects: VMware Buys Mobile Security Firm for $1.54 Billion

eBook (PDF), 1 Pages
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Looking to shift its software offerings, VMware has struck a $1.54 billion deal to bolster its mobile technology. VMware said on Wednesday that it had agreed to buy AirWatch, a start-up based in Atlanta that makes mobile management and security software for businesses. VMware is paying about $1.18 billion in cash and $365 million in installment payments and assumed unvested equity. The acquisition will be financed in part with about $1 billion of debt to be provided by EMC, the majority owner of VMware. The deal, subject to regulatory approval, has been approved by the boards of VMware and AirWatch and is expected to close by the end of March.
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Product Details

January 29, 2014
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91.27 KB

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