VMware to Spend $1.54 Billion in Buying Mobile Security Firm AirWatch
infosecurity-magazine | January 23, 2014
VMware's virtual machine technology is becoming an integral feature of data centers and private clouds. It reduces IT's reliance on the limitations of proprietary hardware and software, allowing more efficient use of existing hardware and introducing savings in space, energy and additional servers. Fourth quarter revenue for 2013 is expected to be just shy of $1.5 billion, up 15%. The acquisition will be funded by $1 billion loan from parent company EMC.