Welcome to our dedicated page for VMware news (Ticker: VMW), a resource for investors and traders seeking the latest updates and insights on VMware stock.
VMware, Inc. (NYSE: VMW) is a global leader in cloud infrastructure, business mobility, and virtualization software. Headquartered in Palo Alto, California, VMware is celebrated for pioneering the use of virtualization and policy-driven automation technologies that simplify IT complexities across data centers and virtual workplaces. The company empowers its customers through solutions that span software-defined data centers, hybrid cloud computing, and mobile workspaces.
VMware boasts an impressive portfolio, including over 500,000 customers, 75,000 partners, and a workforce of more than 18,000 employees situated in 120+ locations worldwide. The company's product lineup features industry-leading solutions such as vSphere for server virtualization, NSX for network virtualization, and vSAN for software-defined storage. Additionally, VMware's Workspace ONE provides comprehensive digital workspace management, enhancing business mobility and security.
In recent corporate developments, VMware has made significant strides. For instance, the Broadcom acquisition is poised to bolster VMware's capabilities, having received all required regulatory approvals. This expansion aims to enhance global technology solutions, especially in critical markets like data centers, networking, and enterprise software.
VMware’s commitment to social responsibility is evident in its VMware 2030 Agenda, a program directed towards building a more sustainable, equitable, and secure future. One illustrative example is the company's Academic Software Licensing Program, which supports non-profit projects through the provision of essential virtualization software. A recent case involved Germany's Care-For-Rare Foundation, where VMware stepped in to provide necessary licenses for a server donation, enabling the use of AI tools for diagnosing rare diseases in children.
Financially, VMware has shown solid performance. As of 2014, the company reported revenues of $6.04 billion. VMware continues to innovate and expand its offerings, ensuring it remains at the forefront of the IT industry.
VMware (NYSE: VMW) introduces the VMware Telco Cloud Platform RAN, enabling communication service providers (CSPs) to virtualize radio access network functions and implement open RAN architectures. This modernization aims to accelerate the monetization of 5G services by enhancing automation, scalability, and security across the network. Daryl Schoolar from Omdia forecasts a revenue generation of $3.4 billion by 2025 from this transition. CSPs can leverage VMware's platform for agile deployment, new service introduction, and improved network security.
VMware (NYSE: VMW) has introduced VMware Anywhere Workspace, a solution aimed at supporting the shift towards remote work. This platform enables organizations to create a more secure and productive work environment, regardless of employee location. Key features include enhanced multi-modal employee experiences, comprehensive security through VMware's Zero Trust approach, and the automation of IT tasks to improve operational efficiency. The solution integrates VMware Workspace ONE, Carbon Black Cloud, and SASE technologies, marking a significant advancement in workplace flexibility and security.
VMware (NYSE: VMW) will spin off from Dell Technologies, simplifying its corporate structure. The deal includes a special cash dividend of $11.5B to $12.0B for VMware stockholders, equating to approximately $27.43 to $28.62 per share. Dell stockholders will receive VMware shares on a pro-rata basis. VMware aims for increased strategic flexibility to enhance its multi-cloud strategy and operational growth. The spin-off is set to close in Q4 2021, pending conditions. Both companies will maintain a strategic partnership, focusing on joint customer value.
Dell Technologies plans to spin off its 81% equity stake in VMware, creating two independent public companies. This strategic move is aimed at enhancing growth opportunities and unlocking value for stakeholders. VMware will provide a special cash dividend of $11.5 - $12 billion to its shareholders, with Dell set to receive approximately $9.3 - $9.7 billion. The spin-off, expected to close in Q4 2021, will also maintain a commercial agreement to continue collaborative development. Michael Dell will remain as CEO of Dell Technologies post-spin-off.
Vapor IO and VMware have launched the Open Grid Alliance (OGA) aimed at redefining the Internet. Founding members, including Dell Technologies and DriveNets, will focus on transforming the Internet into a unified platform that distributes compute, data, and intelligence on demand. This initiative seeks to drive innovation in areas such as intelligent devices and smart cities by enhancing collaboration across multiple industries. The OGA will define principles for the Open Grid and promote technology interoperability.
VMware (NYSE: VMW) has introduced enhanced cloud workload protection capabilities for containers and Kubernetes, aiming to bolster security from development to production across environments. This solution enhances visibility, compliance, and security amidst evolving threats as organizations migrate to cloud services. Key features include a Security Posture Dashboard, Container Image Scanning, and Compliance Policy Automation, facilitating collaboration between InfoSec and DevOps teams. The new capabilities are set to be available in April 2021, addressing increasing demand for secure operations in multi-cloud infrastructures.
VMware, Inc. (NYSE: VMW) has launched VMware Cloud, a multi-cloud platform designed to modernize applications across various environments. With over 300,000 organizations utilizing VMware technology, this new offering enhances developer productivity and simplifies IT operations. Key features include VMware Cloud Universal, a flexible subscription model, VMware Cloud Console for consolidated management, and VMware App Navigator for application assessment. Customers benefit from up to 80% improved developer productivity, 59% lower operational costs, and faster cloud migration. The service is now available in English-speaking regions.
VMware (NYSE: VMW) has launched the Customer Lifecycle Incentives Program, designed to assist partners in driving digital transformation for customers. This initiative enhances profitability through greater customer engagement and simplified processes. Evolving from the Partner Connect Program, it offers new incentives including Technical Assessments and Partner-to-Partner Accelerator, addressing the growing demand for SaaS solutions. VMware emphasizes partner collaboration to align with changing customer goals and foster sustainable partnerships.
VMware (NYSE: VMW) announced that Sanjay Poonen, COO of customer operations, will present at the UBS Virtual Summit on Cloud & Infra Security on March 31, 2021, at 9:45 a.m. PT/12:45 p.m. ET. A live webcast is available on VMware’s Investor Relations page, with a replay accessible for two months post-event. VMware is a leader in enterprise software, providing innovative solutions in cloud, security, and digital workspace technologies. For more information, visit their official site.
VMware (NYSE: VMW) has appointed Paula Hodgins as senior vice president of worldwide accounts and telco sales, operating from Toronto. Her responsibilities will include global sales and operational management for VMware's accounts and telecommunications customers. Hodgins brings over 20 years of experience in enterprise technology sales, having previously served as president of HPE Canada and leading cloud sales at Microsoft. This strategic hiring aims to enhance VMware’s capabilities in supporting customers’ multi-cloud transformation journeys while advancing innovation within the telecommunications sector.
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