VMWare will be reportedly acquiring Airwatch for USD 1.175 Bn in cash, approximately USD 365 Mn of installment payments and assumed unvested equity. The acquisition is expected to close during late Q1 2014 subject to regulatory approvals and customary closing conditions. The acquisition will be funded through a combination of balance sheet cash and proceeds from approximately $1B of additional debt to be provided by EMC.
Post acquisition, the AirWatch team will continue to report to founder and CEO John Marshall as part of VMware’s End-User Computing group, led by Sanjay Poonen, EVP and GM. Alan Dabbiere, AirWatch’s co-founder and chairman, will be overseeing a new AirWatch operating board which will report to Pat Gelsinger, VMware chief executive officer. Also, the Atlanta site is expected to expand and be the center of VMware’s mobile operations.
Founded in 2003, AirWatch is privately held and headquartered in Atlanta, GA. 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.
Its Enterprise Mobility management Platform includes industry-leading mobile device, email, application, content, laptop and browser management solutions. As mentioned on the site, the service has been leveraged by more than 1,000 organizations in 150 countries till date. Since inception, it has raised USD 225 Mn in two rounds of Series A financing.
As per the release, the acquisition will provide customers with the most complete solution to manage users, devices and applications across desktop and mobile environments.
“With this acquisition VMware will add a foundational element to our end-user computing portfolio that will enable our customers to turbo-charge their mobile workforce without compromising security”, said Pat Gelsinger, chief executive officer, VMware.
Based out of California, VMware is the provider of virtualization and cloud infrastructure solutions that enable businesses to thrive in the Cloud Era. With 2012 revenues of $4.61 billion, VMware has more than 500,000 customers and 55,000 partners. The company is headquartered in Silicon Valley with offices throughout the world including India.
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