Published: Mon, August 26, 2019
Markets | By Otis Pena

VMware acquires Pivotal and Carbon Black for $4.8 billion

VMware acquires Pivotal and Carbon Black for $4.8 billion

On the Carbon Black buy, Gelsinger said he expects the technology to be integrated across VMware's families including NSX networking software and vSphere, the company's flagship virtualisation platform.

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In a deal brokered by Dell Applied sciences Inc, VMware Inc purchased Pivotal Software program Inc for $2.7 billion. Net profit of Dollars 4.93 billion included a USD 538 million valuation loss on the Pivotal stake as well as a USD 4.9 billion tax benefit resulting from an internal transfer of worldwide intellectual property rights.

Carbon Black is a publicly traded security company that provides services to modern cloud-native workloads. Based on current outstanding shares, the impact of equity issued to Dell would raise its ownership stake in VMware to 81.09 percent. The company's market value on Thursday stood at $1.8 billion.

Sources familiar with the subject informed that VMware will pay $26 per share for Carbon Black at a premium of 6% and the deal is expected to close by January 2020. "That's pretty broken", he said, praising Carbon Black's platform. "We are excited to combine Pivotal's development platform, tools and services with VMware's infrastructure capabilities to deliver a comprehensive Kubernetes portfolio to build, run and manage modern applications".

"As digital transformation accelerates in enterprises, we see three secular trends becoming stronger: First, multicloud is the new model for enterprise IT; second, digital transformation is driving accelerated pace of cloud native app development, "Gelsinger said Thursday during the company's second-quarter earnings call when both acquisitions were announced".

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Gelsinger told ZDNet that both these "acquisitions address two critical technology priorities of all businesses today - building modern, enterprise-grade applications and protecting enterprise workloads and clients." .

Patrick Morley, CEO of Carbon Black, said in a blog post that this was "a massive opportunity" as there is an "opportunity here for Carbon Black to truly disrupt the security industry - and ultimately help more customers stay safe from cyber-attacks". "We're out to change the security industry". "Enterprise software companies are turning to cybersecurity companies for the promising growth rates in the industry, and to build out a more diverse portfolio that appeals to the various stakeholders involved in cybersecurity - IT, security and developers". We look forward to working with the VMware team to continue delivering a modern security cloud platform to customers around the world.

VMware also announced several major highlights.

The HCX announcement was part of VMware's continued evolution into cloud technologies. Using big data and behavioural analytics, Carbon Black is used to protect clients against cyberattacks.

Morrison & Foerster LLP is advising VMware on its Carbon Black deal.

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