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VMware to Buy AirWatch for $1.2B; Pat Gelsinger Comments

VMware to Buy AirWatch for $1.2B; Pat Gelsinger Comments - top government contractors - best government contracting event

acquisitionVMware Inc. has agreed to acquire mobile management and security provider AirWatch for nearly $1.2 billion in cash and $365 million of installment payments and equity.

The AirWatch team will continue reporting to John Marshall, founder and CEO, and will operate within VMware’s end-user computing group led by Sanjay Poonen, executive vice president and general manager, VMware said Wednesday.

Alan Dabbiere, AirWatch co-founder and chairman, will lead a fresh AirWatch operating board, reporting to Pat Gelsinger, VMware CEO.

Gelsinger said VMware intends for the acquisition to grow the company's end-user computing portfolio in order for customers to deploy a mobile workforce.

Atlanta, Ga.-based AirWatch’s offerings will be integrated with VMware’s mobile services portfolio and the Atlanta facility will become a VMware mobile operations center.

AirWatch and VMware's boards of directors approved the acquisition and the transaction is scheduled to complete in the first quarter of 2014, pending regulatory approvals.

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Written by Jay Clemens

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