![]() ![]() ![]() The executive indicated that Broadcom’s investment strategy will place a particular emphasis on VMware’s Cloud Foundation platform. The remainder will “help accelerate the deployment of solutions through VMware and partner professional services,” Tan detailed. In a Wednesday blog post marking the acquisition’s completion, Broadcom CEO Hock Tan stressed that the chipmaker will “invest significantly each year to advance VMware’s innovation and customer value.” Half of that investment is set to go towards product development initiatives. In September, VMware executives reportedly confirmed to employees that job cuts are on the table. One way the chipmaker can go about the task is by cutting costs, which could involve layoffs. Raghuram joined the virtualization giant in 2003.īroadcom has set a goal of more than doubling VMware’s EBITDA, or earnings before interest, taxes, depreciation and amortization, to $8.5 billion within three years of the acquisition’s completion. He was previously the executive vice president and chief operating officer of VMware’s products and cloud services group. The reorganization coincides with the departure of Raghuram, who led the company from June 2021 until the completion of its acquisition by Broadcom this week. Broadcom didn’t specify exactly which products the two units will offer. They’re headed by Umesh Mahajan and Sanjay Uppal, respectively. The two other divisions Broadcom has created are known as the application networking and security, or ANS, and software-defined edge units. The Cloud Foundation unit is led by Krish Prasad. It’s a software suite that includes Tanzu, as well as a range of other products including the company’s flagship vSphere hypervisor and NXS network management platform. The second new VMware unit is dedicated to commercializing VMware Cloud Foundation. Originally introduced in 2021, the platform is designed to help enterprises build and maintain container applications. The first of the four new divisions into which Broadcom has reorganized VMware focuses on the virtualization giant’s Tanzu platform. Broadcom pushed back the deadline three times, extending the acquisition process by 90 days on each occasion, to address concerns raised by antitrust regulators. When the companies first announced the deal last May, they stated that it would close it by Feb. The news of VMware’s updated organizational structure comes less than a day after Broadcom officially completed its $61 billion acquisition of the virtualization giant. In conjunction with the changes, VMware Chief Executive Officer Raghu Raghuram is leaving the company. The chipmaker later confirmed the reorganization in a statement. The Register reported the move this morning, citing new information that was quietly added to Broadcom’s website. has reorganized VMware into four divisions that are each responsible for a different subset of the virtualization giant’s products.
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