Broadcom Inc. (NASDAQ: AVGO) announced today the completion of its acquisition of VMware, Inc., marking a crucial milestone in the company’s evolution and in the technology sector as a whole. With this acquisition, VMware’s shares are no longer being traded on the New York Stock Exchange (NYSE), opening a new chapter for Broadcom as a global leader in infrastructure technology.
Hock Tan, President and CEO of Broadcom, expressed his enthusiasm for integrating VMware into Broadcom’s team, focused on engineering and innovation. This acquisition represents a step forward in the company’s mission to become the leading global infrastructure technology company. Tan emphasized the importance of this move for both Broadcom and its customers worldwide, highlighting the potential to address the complex IT infrastructure challenges facing global enterprises.
Broadcom’s post-acquisition vision focuses on empowering enterprise customers to build and modernize their private and hybrid cloud environments. The investment in VMware Cloud Foundation, the software foundation for private and hybrid clouds, is a key element in this strategy. Additionally, VMware will offer an extensive catalog of services to optimize cloud and edge environments, including VMware Tanzu to accelerate application deployment, as well as Application Networking and Advanced Security services, and VMware Software-Defined Edge for telco and enterprise edges.
As part of the transition, Broadcom previously announced the results of the merger consideration elections made by VMware shareholders, detailed in its press release on October 30, 2023.
Broadcom Inc. is a global technology leader that designs, develops, and delivers a broad range of semiconductor solutions, enterprise software, and security. The acquisition of VMware further strengthens its position in the market, with a product portfolio serving critical markets such as cloud, data centers, networking, broadband, wireless, storage, industrial, and enterprise software. Headquartered in San Jose, California, Broadcom is known for its commitment to sustainability and quality in all of its operations.
The completion of this acquisition is a clear indication of Broadcom’s strategy to invest and grow in key areas, ensuring the best performance and solutions for its customers, partners, and the industry as a whole. With VMware now under its wing, Broadcom firmly positions itself as a powerhouse in the world of infrastructure technology.