Saturday, September 20th18.6°C
23518
22768

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 TSX15265.35-200.19
S&P CDNX955.06-10.73
DJIA17279.7413.75
Nasdaq4593.426-13.637
S&P 5002010.40-0.96
CDN Dollar0.9126+0.0004
Gold1216.90-10.00
Oil92.45-0.62
Lumber329.00-0.90
Natural Gas3.911-0.064

 
Okanagan Companies
Pacific Safety0.16-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.37+0.05
Cantex0.05-0.01
Anavex Life Sciences0.223-0.0031
Metalex Ventures0.060.00
Russel Metals35.75-1.26
Copper Mountain Mining2.66-0.02
Colorado Resources0.165-0.01
ReliaBrand Inc0.0249+0.0009
Sunrise Resources Ltd0.02-0.005
Mission Ready Services0.29-0.01

 



23438

FEATURED Property
1909938745 Bay Avenue
1 bedrooms 1 baths
$900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Disruptive innovation

Last night I was privileged to be able to speak at the Greater Westside Board of Trade business awards dinner. Photo: ContributedI talked about Innovation and Collaboration which are two very interes...


Executors and their duties

There will be a time when you will need to decide who you should appoint as executor of your Will. As well, there may be a time when you will be asked by someone to act as the executor of his or her W...


Power-save your way to a down payment

Part 1 of 2 Photo: Thinkstock.com1. Move in with your parents or in-laws Explain that you're thinking strategically in moving back home. The quickest way to get into the housing market is to ma...

_



23109




Member of BC Press Council


22267