Broadcom on Monday introduced that it will promote its Finish-Consumer Computing (EUC) unit to personal fairness agency KKR for a whopping $4 billion.
The EUC unit, which permits customers to entry desktops and functions from any machine, will function as a standalone firm and can preserve the prevailing administration crew. Broadcom is making main enterprise shifts after its $69 billion acquisition of VMware final yr. The corporate initially stated in December it will look to divest the EUC enterprise and continues to be trying to shed VMware’s safety software program enterprise, Carbon Black.
The EUC division’s flagship merchandise embrace Horizon, a desktop and utility virtualization platform, and enterprise endpoint administration system, Workspace One.
“We see nice potential to develop the EUC Division by empowering this proficient crew and investing in product innovation, delivering excellence for patrons and constructing strategic partnerships,” Bradley Brown, managing director at KKR, stated in an announcement.
Beneath KKR, the EUC will proceed to be led by basic supervisor Shankar Iyer.
“We’re assured that this pending transaction marks an thrilling subsequent chapter for the EUC Division and one that may create monumental alternatives and advantages for our prospects, companions and staff,” Iyer stated in a launch.
KKR says it is going to broaden analysis and improvement and pursue new strategic partnerships “via important investments throughout go-to-market capabilities,” in line with the discharge.
KKR says the transaction is anticipated to shut in 2024, topic to closing circumstances and regulatory approvals. VMware’s approval was held up by China regulators, however the deal finally went via.
Discussion about this post