VMware Acquires Pivotal Software

Broadcom Completes Acquisition of VMware

November 22, 2023

Cloud & SaaS

Broadcom completed its acquisition of VMware in a cash-and-stock transaction valued at approximately $61 billion, with Broadcom also assuming about $8 billion of VMware net debt. After closing, VMware’s common stock ceased trading on the NYSE, and the Broadcom Software Group rebranded and operates as VMware.

VMware Acquires Carbon Black

October 8, 2019

Cybersecurity

VMware completed its acquisition of Carbon Black in an all-cash transaction valued at $2.1 billion (at $26 per share). Carbon Black will form the nucleus of a new VMware Security Business Unit to expand VMware’s cloud-native security and endpoint protection capabilities.

Dell Completes Spin-Off of VMware

November 2, 2021

Software

Dell Technologies completed the spin-off of its 81% equity ownership of VMware, distributing VMware Class A and Class B shares to Dell stockholders via a special dividend and converting Class B shares into Class A prior to distribution. VMware also paid an $11.5 billion special cash dividend to its shareholders (Dell received $9.3 billion), and the two companies preserved a commercial agreement to maintain product co-development and sales alignment while allowing VMware to operate as a standalone company.

Upland Software Acquires Panviva

June 24, 2021

Cloud & SaaS

Upland Software, Inc. (Nasdaq: UPLD) has acquired Panviva Pty Ltd, a cloud-based enterprise knowledge-management (KM) provider, to expand Upland’s knowledge-guided customer service and contact-center offerings. The deal was funded with $19.8 million cash at closing plus a $3.5 million cash holdback; Panviva is expected to contribute approximately $7.5 million of recurring annual revenue and the transaction led Upland to raise its 2021 guidance.

Rapid7 Acquires DivvyCloud for Approximately $145M

April 28, 2020

Cybersecurity

Rapid7 agreed to acquire DivvyCloud, a cloud security posture management (CSPM) provider, for approximately $145 million in cash and stock. The acquisition expands Rapid7’s cloud security capabilities by integrating DivvyCloud’s automated cloud and container compliance, remediation, and governance technology into Rapid7’s Insight platform.

Perforce Software Acquires Puppet

April 11, 2022

Software

Perforce Software, a provider of enterprise DevOps and development lifecycle solutions backed by Francisco Partners and Clearlake Capital, signed a definitive agreement to acquire Puppet, an infrastructure automation and infrastructure-as-code software provider. The acquisition (terms undisclosed) brings Puppet's DevOps and security automation capabilities into Perforce's portfolio to expand its ability to manage and secure infrastructure across data centers, clouds, and the edge; the deal was expected to close in Q2 2022.