VMware, a publicly owned company headquartered in the United States, was founded in 1998 and employs approximately 36,020 individuals. The company reported $13.3B in revenue as of 2023. Specializing in software development, VMware functions as a provider of multi-cloud services for all applications, enabling digital innovation through technologies such as edge computing, artificial intelligence, blockchain, machine learning, and Kubernetes.
In 2023, Broadcom announced its intention to acquire VMware for $61 billion. The deal raised concerns among industry experts who believed it could stifle innovation and increase costs for consumers. In the same year, VMware reported a 17% revenue share, while also experiencing a 38% year-over-year growth in its SD-WAN business. Broadcom's acquisition of VMware faced scrutiny from regulators who expressed concerns that it could limit competition in the market for certain hardware components that work with VMware's software. The deal involved VMware shareholders receiving cash and shares of Broadcom stock, with the transaction resulting in a significant increase in VMware's stock price.
VMware offers 2 products in the connectivity and cloud and enterprise tech industries. VMware's product portfolio comprises of enterprise and telecoms software and enterprise cloud.
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VMware's revenues were $13.3B in 2023. Caretta Research has split VMware's revenue into 2 different product categories.
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