VMware News
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VMware מפטרת אלפים - בישראל רק בודדים -
Broadcom, less than a week after completing its acquisition of VMware for $61 billion, has begun massive layoffs at the acquired company. In Israel, the cuts are minor, with only a few of the companys salespeople leaving. According to Channel Futures, Broadcom plans to lay off about 2,000 employees at several of VMwares US sites. A source at VMware said the layoffs would be much higher, standing at between 10,000 and 20,000 employees. Analysts explained that the mass cuts are in line with Broadcoms objectives to increase the profitability of the acquired company.
LayoffsAcquisition
Broadcom closes its $61 billion megadeal with VMware
Broadcom has completed its $61 billion acquisition of VMware, following regulatory approval from multiple jurisdictions including China. The deal brings together Broadcoms network chip manufacturing with VMwares virtualization and cloud computing software, a move that had raised competition concerns among regulators. The European Commission, for instance, was worried that Broadcom could limit interoperability between rival hardware and VMwares software, or bundle VMware with its own products. However, these fears were allayed after Broadcom provided IP access and source code for key network fiber optic components to its main rival, Marvell.
Acquisition
Broadcom Confident VMware Deal to Close Despite China Review
Broadcom Inc. and software maker VMware Inc. have reassured investors that their $61 billion merger is on track to close before the November deadline, despite Chinas ongoing review of the deal. The merger, one of the largest technology mergers ever, could be impacted by the escalating fight between the US and China for tech dominance. The deal has already received legal clearance in other major markets, including the EU, UK, South Korea, and Japan. However, if the merger is terminated due to lack of regulatory approvals, Broadcom may have to pay a $1.5 billion termination fee.
Acquisition
Traders to Find It Harder to Shed VMware Shares After Monday
VMware Inc. is in the process of being acquired by Broadcom Inc., with investors given until 5 p.m. New York time on Monday to decide whether to get paid in cash or Broadcom shares. Once stockholders choose how they wish to be paid, they can’t sell their shares until the acquisition closes. The company’s shares are expected to trade closer to about $142.50, below Monday afternoon value of about $156.22. The transaction is expected to close on Oct. 30, but Chinese regulators may delay their approval of the transaction after the US tightened chip sanctions.
Acquisition
Microsoft-Activision Takeover Emboldens Merger Arb Traders to Boost Their Bets
Broadcom’s $61 Billion VMware Deal Set for EU Approval
Broadcom Inc.s $61 billion acquisition of cloud-computing company VMware Inc. is set to be approved by the European Unions merger officials, marking the largest-ever takeover for a semiconductor maker. The approval could come as early as Wednesday following months of negotiations. During the talks, Broadcom agreed to behavioral remedies including promises to incorporate interoperability standards into its technologies to allow for fair competition. The deal had previously faced heavy scrutiny, with the commission warning it could lead to higher prices, lower quality, and less innovation for business customers.
Acquisition
European Regulators Launch Investigation Of Broadcom-VMware Merger | CRN
The European Commission is investigating the $61 billion Broadcom-VMware merger. The investigation is currently in phase one, with an initial decision expected on Dec. 20. Broadcom has stated that it does not believe the deal presents any competition issues and is confident in its completion. In the U.S., the Federal Trade Commission is conducting a more rigorous investigation. The merger between Broadcom and VMware has been approved by VMware shareholders. The outcome of the vote was heavily weighted towards the deals approval.
Acquisition
VMware Owners Approve $61 Billion Broadcom Merger | CRN
VMware shareholders have voted to approve the pending merger with Broadcom. The vote overwhelmingly favored the merger, with 99.61% of the shares cast in favor. The merger is seen as a critical step for VMware and moves the deal closer to completion. One area of concern was the compensation for VMware executives, with some shareholders opposing the golden parachute arranged by Broadcom. However, the majority of shareholders voted in favor of the compensation. The deal still faces regulatory hurdles in the US and Europe. The Federal Trade Commission is conducting a review, and the European Commission has not made public statements about the deal yet.
Acquisition
Israel to issue government bonds on a blockchain | CTech
The Israel Ministry of Finance and the Tel Aviv Stock Exchange have partnered with VMware and Fireblocks to perform a Proof of Concept for the issuance of government bonds on a blockchain platform. The project, named Eden, aims to reduce costs, shorten the duration of issuance and clearing of government bonds, improve transparency, streamline processes, and mitigate risks. The PoC will include the digitalization of a new series of bonds and its issuance to system participants. The leading international and local banks will participate in a live test connected to a dedicated blockchain system. The acquired units of the new series will be issued into the e-wallets of the pilot participants. The move places Israel at the forefront of technology and allows for the examination of new possibilities for the issuance and management of government debt.
PartnersInvestment
בדרך לעסקת ענק: ברודקום במגעים לרכישת VMware כלכליסט
Broadcom, a semiconductor company, is reportedly in advanced talks to acquire cloud computing company VMware. The price and terms of the deal are not yet known. VMware is currently valued at $40.3 billion, while Broadcom is valued at $222.7 billion. The deal has not been finalized, and there is no agreement between the parties at this stage. Broadcom, known for acquiring chip companies, shifted its focus to software companies after the failed acquisition of Qualcomm in 2018. Recent major acquisitions by Broadcom include CA Technologies for $18.9 billion in 2018 and Symantec for $10.7 billion in 2019. The potential acquisition of VMware aligns with Broadcoms growth strategy.
Acquisition
ניב רז מונה לסמנכ''ל הטכנולוגיות של VMware ישראל -
Niv Raz has been recently appointed as the CTO of VMware Israel, replacing Avi Yoshai who was appointed as CTO of Microsoft Israel in April. Raz, 39, has two decades of experience in the Israeli high-tech industry. In the last three years, he served as CTO of Harel Insurance and Finance. Prior to this, he was the chief architect of the insurance company and before that - a solutions architect at IBM Israel.
Management Changes
Most ransomware attacks still come from Russia, China, and North Korea, says VMware exec
Shlomi Aviv, the Israel country manager for Dell subsidiary VMware, spoke about the increase in ransomware attacks and the amount of money paid to attackers. He mentioned that over 1 million attacks are detected daily, with most originating from Russia, China, and North Korea. The main targets for cyberattacks are countries, financial institutions, and political organizations. Cyberattacks against countries serve as a political threat and to steal sensitive intelligence information. Attacks against financial institutions are meant to extort money, taking advantage of their lack of preparedness. Attacks on political parties aim to undermine stability or influence election results. Aviv emphasized the importance of cybersecurity in business strategy, especially in cloud, multi-cloud, and IoT environments.
CustomersPartners
VMware to acquire Kubernetes security startup Octarine and fold it into Carbon Black
VMware plans to acquire Octarine, a Kubernetes security startup, and integrate it into Carbon Black. The acquisition aligns with VMwares intrinsic security strategy and its focus on protecting content and applications in cloud native containers. This move also supports VMwares Kubernetes strategy, following its acquisition of Heptio. Octarine, which provides open-source tools for defining Kubernetes security parameters, will now become part of VMwares security business. The CEO of Octarine expressed optimism about the acquisition, stating that VMwares commitment to cloud native computing and intrinsic security makes it an ideal home for the company. Octarine was founded in 2017 and has raised $9 million in funding.
Acquisition
VMware to fire Israel employees too
American software company VMware plans to cut 900 jobs worldwide, about 7% of its workforce. The move will also affect the companys Israeli branch, although the number of workers expected to be fired is unclear. VMware recently reported a 22% rise in income but had disappointing 2013 forecasts due to expectations of a global economic slowdown. The company stated that the reorganization plan will include the dismissal of workers in areas of slow growth, while also recruiting 1,000 new workers in the coming year. VMware did not provide further details on the situation in Israel.
Layoffs
VMware buys Israeli BTM start-up B-hive
VMware Inc. will acquire Israeli start-up B-hive Networks Inc. for several tens of millions of dollars. B-hives R&D facility and team will form the core of VMwares new development center in Israel. The acquisition will strengthen VMwares offerings in data center management and automation. B-hive has raised $7.5 million from Venrock, Index Ventures, and private investors. B-hives flagship product, B-hive Conductor, monitors end-user performance and resolves application performance problems.
Acquisition
