The VMWare To Buy AirWatch Mobile Security Firm For $1.54 Billion

Posted: Feb 10 2014, 3:38am CST | by , in News | Technology News


The VMWare to buy AirWatch mobile security firm for $1.54 billion
Photo Credit: gadgetsndtv

The famous cloud software maker, the VMWare Inc., has recently said that it would buy the privately held mobile security company AirWatch in a deal valued at about $1.54 billion to tap into the rising demand for software security, which is sending its shares up to 3 percent in the premarket trading.

The mobile security products are in high demand because the cyber attacks on the mobile devices have now grown exponentially in the recent years, as the sales of the smart phones and the tablets have surged.

The Atlanta-based company, AirWatch, whose rivals include the Cytrix, the MobileIron, and the FrontRange, says it has got more than about 10,000 customers in about 150 countries, including nine of the top 10 U.S. retailers.

With the mobile device usage becoming even more prevalent in the workplace, experts believe this acquisition is going to prove strategic in the complementing and the enhancing VMWare's end-user computing business. The VMWare has said it would like to pay about $1.18 billion in cash and about $365 million rest in quick installment payments and then assumed unvested equity.

The company has said that it always expects revenue growth of about 16-20 percent in 2015 and then 2016, up from the previous forecast of about 15-20 percent. The VMware expects the acquisition to add to adjust the profit limit in late 2015.

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The Author

<a href="/latest_stories/all/all/28" rel="author">Triszia Marie Santos</a>
Triszia Marie Santos is navigating the mobile device space for you. She is an early adopter in all things mobile and loves to write about the latest mobile trends.




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