Publicly owned VMware, headquartered in the US, was founded in 1998 and specializes in software development, employing approximately 36,020 individuals. The company provides multi-cloud services for all applications, enabling digital innovation through technologies such as edge computing, AI, 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 telecoms tech and connectivity and cloud industries. VMware's product portfolio comprises of enterprise and telecoms software and enterprise cloud.
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