Broadcom renewed a five-year VMware Cloud Foundation agreement with london stock exchange group, extending its role inside the exchange operator’s private cloud. The stock was trading at $411.07 when the deal emerged, after a year in which it gained 78.9%.
For Broadcom, the renewal gives its private cloud software a longer runway inside a highly regulated financial markets operator. For London Stock Exchange Group, it keeps a mission-critical technology relationship in place as the firm continues running workloads that have to stay dependable and tightly controlled.
Broadcom’s $411.07 stock and 78.9% rally
$411.07 was the latest Broadcom share price tied to the announcement, and the stock’s performance framed the deal as more than a routine contract extension. The shares were up 18.3% year to date and 1.1% over the past month, even after a 2.0% decline over the past week.
Those moves matter because the agreement adds a software customer with long-duration…
