VMware (http://www.vmware.com), a virtualization software company that makes products such as VMware fusion and VMWare Workstation, has agreed to buy AirWatch (http://www.air-watch.com) for as much as US$1.54 billion, adding technology to help businesses manage and protect mobile devices.
VMware will pay $1.18 billion in cash and $365 million in installment payments and assumed unvested equity. AirWatch marks the second VMware acquisition of more than $1 billion in 18 months, after the 2012 purchase of Nicira, whose technology helps networks work more efficiently. AirWatch makes mobile device, email, application, content, laptop and browser management solutions.
The AirWatch team will continue to report to founder and chief executive officer John Marshall as part of VMware's End-User Computing group, led by Sanjay Poonen, EVP and...| Read more »