Author: Naomi Cooper|| Date Published: November 7, 2022
Broadcom‘s (Nasdaq: AVGO) bid to purchase VMware (NYSE: VMW) via an approximately $61 billion cash-and-stock transaction has secured the approval of stockholders at the cloud and virtualization technology vendor.
VMware’s shareholders voted in favor of the acquisition at a special meeting held Friday, the company said.
The vote occurred five months after VMware’s board of directors unanimously approved the merger agreement proposal from Broadcom in the latter’s strategy to expand its presence in the infrastructure technology sector.
Broadcom, which makes semiconductors and infrastructure software products, expects to complete the acquisition in its 2023 fiscal year, which runs from November to October.
The chipmaker plans to integrate its software group into the VMware brand and incorporate current infrastructure and security software offerings into the latter’s portfolio.
Brian Meyer, federal field chief technology officer at Axonius Federal, said cybersecurity asset management could help government agencies make dozens…
“Technology transformation company Red River has acquired Invictus International Consulting to expand its cybersecurity and enterprise modernization capabilities to support…
Synergy ECP, a software engineering, cybersecurity and systems engineering services provider, has acquired NetServices, a company offering secure, mission-focused technology services. The…
Precision Aerospace & Defense Group and FACT II Acquisition, a special purpose acquisition company, have signed a definitive business combination agreement to…
LMI has announced the acquisition of intellectual property and advanced capabilities to broaden its in-transit visibility and asset tracking services for…
