Software

Broadcom Nears Sale Of VMware-Acquired Software Division To KKR In Strategic Shift Towards Cloud Services: Report

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Broadcom Nears Sale Of VMware-Acquired Software Division To KKR In Strategic Shift Towards Cloud Services: Report

KKR & Co KKR is reportedly close to finalizing a purchase of a software division from Broadcom Inc AVGO for approximately $4 billion, with the announcement potentially expected on Monday.  The unit in question, acquired by Broadcom through its $61 billion takeover of VMware Inc. in 2023, specializes in software that facilitates remote desktop and application access for users.  While … Read more

Broadcom Nears Sale Of VMware-Acquired Software Division To KKR In Strategic Shift Towards Cloud Services: Report – Broadcom (NASDAQ:AVGO), KKR & Co (NYSE:KKR)

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Broadcom Nears Sale Of VMware-Acquired Software Division To KKR In Strategic Shift Towards Cloud Services: Report – Broadcom (NASDAQ:AVGO), KKR & Co (NYSE:KKR)

KKR & Co KKR is reportedly close to finalizing a purchase of a software division from Broadcom Inc AVGO for approximately $4 billion, with the announcement potentially expected on Monday.  The unit in question, acquired by Broadcom through its $61 billion takeover of VMware Inc. in 2023, specializes in software that facilitates remote desktop and application access for users.  While … Read more

Broadcom reportedly nears $3.8 billion sale of remote access unit to KKR

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Broadcom reportedly nears .8 billion sale of remote access unit to KKR

A sign on the campus offices of chipmaker Broadcom is shown in Irvine, California. Mike Blake | Reuters Chipmaker Broadcom is nearing a $3.8 billion deal to sell its business that allows users to access desktops and applications from any device to private-equity firm KKR, people familiar with the matter said on Saturday. The potential … Read more

Broadcom-owned VMware kills the free version of ESXi virtualization software

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Broadcom-owned VMware kills the free version of ESXi virtualization software

VMware Since Broadcom’s $61 billion acquisition of VMware closed in November 2023, Broadcom has been charging ahead with major changes to the company’s personnel and products. In December, Broadcom began laying off thousands of employees and stopped selling perpetually licensed versions of VMware products, pushing its customers toward more stable and lucrative software subscriptions instead. … Read more

Cloud Software Group snuffs open source XenCenter

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Cloud Software Group snuffs open source XenCenter

Disgruntled VMware users contemplating the open source cut of XenCenter as an alternative need to think again. In December the Cloud Software Group quietly canned the offering with an update to the project’s README file. “Please note that as of December 2023 this copy of the XenCenter repository is considered archived,” the December 14 GitHub … Read more

Broadcom’s Software Expansion And AI Potential Drive Stock To New Record High

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Broadcom’s Software Expansion And AI Potential Drive Stock To New Record High

In 2023, Broadcom shares doubled in price. So far in 2024, the stock is up 10%. (Photo Illustration … [+] by Rafael Henrique/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Shares of Broadcom (AVGO) this week hit a new record high of $1,284 as investors applaud the chipmaker’s more diversified revenue stream following … Read more

Dell’s Federal Business Lands $93M Army VMware Software Maintenance Contract – GovCon Wire

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Dell’s Federal Business Lands M Army VMware Software Maintenance Contract – GovCon Wire

Dell Technologies by ™/®Dell Technologies, licensed under CC0 A Dell Technologies (NYSE: DELL) subsidiary has received a three-year, $92.8 million contract to help the U.S. Army maintain virtual machine software. Dell Federal Systems will provide VMware software and software maintenance services to the service branch under the firm-fixed-price contract, the Department of Defense said Friday. … Read more

Broadcom’s Acquisition of VMware Shifts Infrastructure Software Market: Nutanix Emerges as Beneficiary

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Broadcom’s Acquisition of VMware Shifts Infrastructure Software Market: Nutanix Emerges as Beneficiary

Broadcom’s Acquisition of VMware Shifts Infrastructure Software Market: Nutanix Emerges as Beneficiary The landscape of the infrastructure software space is undergoing a notable shift, following Broadcom’s acquisition of VMware. According to analyst Jason Ader, Nutanix stands to be a significant beneficiary of this turn of events. Nutanix’s Cloud Platform and Acropolis Hypervisor (AHV) are expected … Read more

Broadcom now ranks among 10 largest U.S. companies after big 2023 stock gains

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Broadcom now ranks among 10 largest U.S. companies after big 2023 stock gains

Nvidia Corp. has catapulted up the list of the most valuable U.S. companies this year, rising eight spots from the end of last year to sit in the fifth position with a market capitalization of $1.2 trillion. But other chip companies have seen their positions rise even more. Just look at Broadcom Inc. AVGO, +0.59%, … Read more