Tuesday, October 6th7.9°C

VMware buy mobile computing co. AirWatch for about $1.18B in cash plus instalments and equity

PALO ALTO, Calif. - Cloud computing company VMware says it will pay US$1.18 billion in cash to acquire AirWatch, a mobile technology provider that competes with BlackBerry (TSX:BB) in the corporate sector.

AirWatch has more than 10,000 customers and 1,600 employees around the world and provides a device management service that's promoted as an alternative to BlackBerry products for businesses.

VMware (NYSE:VMW) says the acquisition of Atlanta-based AirWatch will boost its mobile computing offerings for businesses without compromising security.

AirWatch, a privately held company, will continue to be led by its founder and CEO John Marshall and will become part of VMware's end-user computing group.

VMware works with companies to evolve their information technology resources to so-called cloud computing, which generally refers to having IT systems hosted by outside providers.

The deal has been approved by the boards of both companies and the acquisition is expected to close late in the first quarter.

The Canadian Press

Read more Business News

Recent Trending

Today's Market
S&P TSX13647.26+95.06
S&P CDNX538.69+8.78
S&P 5001979.92-7.13
CDN Dollar0.7683+0.0011
Natural Gas2.456-0.014

Okanagan Companies
Pacific Safety0.21-0.01
QHR Technologies Inc1.25+0.03
Metalex Ventures0.05-0.01
Russel Metals23.31+0.80
Copper Mountain Mining0.56+0.06
Colorado Resources0.07-0.01
ReliaBrand Inc0.0031-0.0009
Sunrise Resources Ltd0.02+0.00
Mission Ready Services0.085-0.010
Decisive Dividend Corp3.06-0.43
Diamcor Mining0.90+0.00


24318943928 Gallaghers Circle
2 bedrooms 2 baths
more details
Click here to feature your property
Please wait... loading

Perfect (reno'd) home

Photo: Thinkstock.comHow many times have you found a home in the perfect location, but it needs too much work as per the home inspection? There is a great program available through most lenders that w...

Living beyond 100

Photo: ContributedThere was a time most careers involved an apprenticeship of one sort another. Some official, others involving years of servitude, and others time simply spent watching and emulating ...

5 Claim misconceptions

Photo: Thinkstock.comIf you have been hurt in an accident or as a result of medical negligence you will likely look to your friends and family for some advice on how to deal with the situation. These ...



Member of BC Press Council