Semiconductor giant Broadcom is seeking to sell nearly two-thirds of the 1.6 million-square-foot Palo Alto campus it acquired in November, the San Francisco Chronicle reported Wednesday. The company, which acquired competitor VMware for $69 billion, plans to sell about one million square feet of the former VMware property at 3401 Hillview Ave. and occupy the remaining … Read more
‘Effective Immediately: Strategic customer segments are no longer eligible for Opportunity Registration,’ Broadcom wrote to partners in a newly issued Opportunity Registration Policies, according to material obtained by CRN. Broadcom is taking VMware’s top customers direct—about 2,000 accounts, according to two estimates —and will reject attempts by partners to… Source link
All this comes as the global market continues to look rosy for IT and cloud spending. Recently, Gartner forecasted that most major markets would see healthy growth in IT spending for 2024, including Europe, where it’s projected to be up 9% for the year, and India, which is projecting 11% growth. Globally, IT spending is … Read more
Broadcom has confirmed it will end VMware’s channel program in a move that has some existing partners worried about whether they will continue to get the same service. In its place will be Broadcom’s Advantage Partner Program, which has been confirmed to be available on an invite-only basis. The shakeup is just one of a … Read more
VMware si NurPhoto via Getty Images VMware recently revealed changes in how VMware products will be licensed and sold, consolidating offerings into two basic bundles. Shortly after announcing the new bundles, the company said that it would also be reducing the subscription price of VMware Cloud Foundation (VCF) “by half,” surprising many industry analysts and … Read more
Broadcom recently revaled it intends to divest VMware’s end-user compute products, which span virtual desktops, app publishing, and device management. Let’s ponder where they might land. The end-user compute (EUC) business unit celebrated its imminent spin-out, with VP and general manager Shankar Iyer writing “We view this as a powerful benefit for our customers and … Read more
+COMMENT Broadcom’s VMware Cloud Foundation Division has announced what it’s described as “a dramatic simplification of our product portfolio,” plus the end of perpetual licenses and a move to subscriptions – some at half their previous price. The Cloud Foundation Division is a Broadcom business unit dedicated to VMware’s server virtualization, private and hybrid cloud … Read more
Updated Broadcom CEO Hock Tan has announced his intention to divest VMware’s end-user computing and Carbon Black units, and signalled a rapid shift to subscription licenses of bigger software bundles. Speaking on Broadcom’s Q4 2023 earnings call, Tan told investors “We are now refocusing VMware on its core business of creating private and hybrid cloud … Read more
After Broadcom acquisition, VMware will operate with four divisions. A leaked email shows the top executives who will lead one of these divisions, Software-Defined Edge. Broadcom laid off VMware employees this week after closing the deal November 22. After Broadcom closed its $69 billion acquisition of VMware on November 22, it also did some reorganization. Broadcom … Read more
Broadcom CEO Hock Tan told employees in an email last week following the company’s acquisition of VMware that it would review “strategic alternatives” of two of its business units. Broadcom closed the $69 billion deal on November 22. Tan said that Broadcom would continue to support the End-User Computing and Carbon Black cybersecurity units while … Read more