VMware Completes Acquisition of AirWatch
Date : February 24, 2014
PALO ALTO, CA and ATLANTA, GA -- (Marketwired) -- 02/24/14 --
VMware, Inc. (NYSE: VMW), the global leader in virtualization and cloud infrastructure, today announced it has completed its acquisition of AirWatch, the leading provider of enterprise mobile management and security solutions. Originally announced on Jan. 22, 2014, VMware acquired AirWatch for approximately $1.181B in cash and approximately $364M of installment payments and assumed unvested equity.
This acquisition expands VMware's End-User Computing group; AirWatch's offerings will form an expanded portfolio of mobile solutions that are complementary to VMware's portfolio. With the close of the acquisition, the AirWatch team, led by founder and former chief executive officer, John Marshall, is now part of VMware's End-User Computing group. Alan Dabbiere, AirWatch's co-founder and chairman, will be overseeing a new AirWatch operating board which reports to Pat Gelsinger, VMware chief executive officer.
"We are pleased to mark the closure of the AirWatch acquisition during the week of the seminal Mobile World Congress event, where we are bringing the industry's best enterprise mobile management and security solutions to our over 500,000 customers and 75,000 partners," said Sanjay Poonen, EVP and GM of VMware's End-User Computing group, VMware. "We look forward to leveraging the considerable synergies of our joint engineering and go-to-market organizations, to deliver landmark innovation in enterprise mobility and secure content collaboration, for the post-PC world of heterogeneous devices -- be it iOS, Android or Windows."
Headquartered in Atlanta, GA, AirWatch is the leading provider of enterprise solutions for Mobile Device Management, Mobile Application Management and Mobile Content Management. With more than 10,000 customers globally and more than 1,600 employees across nine global offices, AirWatch's solutions give enterprises a strategic platform to securely manage a rapidly growing set of mobile devices and an increasingly mobile workforce. The Atlanta site is expected to expand and be the center of VMware's mobile operations.
VMware is the leader in virtualization and cloud infrastructure solutions that enable businesses to thrive in the Cloud Era. Customers rely on VMware to help them transform the way they build, deliver and consume Information Technology resources in a manner that is evolutionary and based on their specific needs. With 2013 revenues of $5.21 billion, VMware has more than 500,000 customers and 75,000 partners. The company is headquartered in Silicon Valley with offices throughout the world and can be found online at www.vmware.com.
This press release contains forward-looking statements including, among other things, statements regarding the expanding portfolio of mobile solutions from VMware, bringing the industry's best enterprise mobile management and security solutions through the acquisition of AirWatch, prospective benefits for customers and partners such as secure content management, leveraging synergies between VMware and AirWatch to deliver innovative solutions, the growth of mobile devices and mobile workforce, and the expansion of AirWatch's Atlanta site to be the center of VMware's mobile operations. These forward-looking statements are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to (i) the ability to successfully integrate VMware and AirWatch's personnel, technologies, go-to-market organizations and partner networks; (ii) adverse changes in general economic or market conditions; (iii) delays or reductions in customer, government and information technology spending; (iv) competitive factors, including but not limited to pricing pressures, industry consolidation, entry of new competitors into the virtualization, end user (desktop and mobility) and cloud computing markets, and new product and marketing initiatives by our competitors; (v) our customers' ability to develop, and to transition to, new products and computing strategies such as cloud computing, desktop virtualization, enterprise mobile management and security, and the software-defined data center; (vi) changing market demand and the uncertainty of customer acceptance of emerging technology; (vii) rapid technological and market changes in virtualization software and platforms for cloud, desktop and mobile computing; (viii) changes to product development timelines; (ix) VMware's ability to protect its proprietary technology and any litigation related to intellectual property; and (x) VMware's ability to attract and retain highly qualified employees. These forward looking statements are based on current expectations and are subject to uncertainties and changes in condition, significance, value and effect as well as other risks detailed in documents filed with the Securities and Exchange Commission, including our most recent reports on Form 10-K and Form 10-Q and current reports on Form 8-K that we may file from time to time, which could cause actual results to vary from expectations. VMware assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release.
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Source: VMware, Inc.