VMware near completes acquisition of cybersecurity firm Carbon Black

By Akshay Kedari  | Date: 2019-10-10

VMware near completes acquisition of cybersecurity firm Carbon Black

Mergers and acquisitions (M&A) help companies to explore new markets, enhance consumer base, create economic profit, and provide a profitable return to shareholders. When a company wants to purchase some or all stocks of a firm, it proposes a tender offer to purchase shares from every shareholder of that publicly traded company.

A similar instance occurred recently when VMware, Inc. disclosed that its subsidiary, Calistoga Merger Corp., has completed a cash tender offer to buy all of Carbon Black Inc.’ outstanding shares of common stock at a price of US$26 per share, which is equal to a value of around $2.6 billion.

According to VMware, the purchase will allow their company to provide a next-generation security cloud with its intrinsic security assets and Carbon Black’s protection suite.

Sources cite that, following the finalization of this acquisition, shares of Carbon Black can’t be traded officially on the Nasdaq. In May 2018, Carbon Black entered into the public market, initially trading at a price of around $24 per share. Its stock hit the highest price of $34.10 per share in June 2018, while the lowest price of $12.27 per share was recorded in December 2018.

Reports suggest that VMware could take the endpoint security market by storm with Carbon Black’s acquisition. The company is planning to integrate Carbon Black’s technologies across its offerings comprising of NSX, Secure State, AppDefense, and Workspace One.

According to Pat Gelsinger, Chief Executive Officer, VMware, the company is taking a major step to offer an end-to-end intrinsic security platform. He said that this acquisition will enable their firm to offer an enterprise-grade platform to protect applications, workloads, and networks from device to cloud.

Moreover, with this acquisition, VMware will be able to make significant strides in security for the new era of multi-cloud modern apps and advanced devices, claims Gelsinger.

Source Credit - https://www.crn.com/news/virtualization/carbon-black-stock-officially-ends-as-vmware-nears-acquisition?itc=refresh

About Author

Akshay Kedari     aeresearch.net

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More >>

More News By Akshay Kedari

Interfor Corporation acquires 100% equity interest in Chaleur Forest Products

Interfor Corporation acquires 100% equity interest in Chaleur Forest Products

By Akshay Kedari

Following this funding, Interfor's long-term debt will hold a weighted average interest of 5.30% Interfor registered a Net Debt to the Invested Capital ratio of nearly 10% as of October 31, 2022 Interfor Corporation, one of the world...

ESR's ARA and Export-Import Bank of China partner in a deal worth US$1B

ESR's ARA and Export-Import Bank of China partner in a deal worth US$1B

By Akshay Kedari

Leading real estate services and investment company, ESR Group Limited, has recently announced that its exclusively-owned subsidiary, ARA and the Export-Import Bank of China have inked a breakthrough collaboration in a deal worth USD 1 billion infras...

Circularise nabs $11M to bring circular economy to industrial supply chains

Circularise nabs $11M to bring circular economy to industrial supply chains

By Akshay Kedari

Leading software platform, Circularise recently announced that it has raised $11.3 million (€11 million) in funding as part of its Series A round in a bid to advance its mission to bring a circular economy to industrial supply chains. The fun...

Sebi approves Adani Group’s proposal for additional 26% stake in NDTV

Sebi approves Adani Group’s proposal for additional 26% stake in NDTV

By Akshay Kedari

Adani Group, an Indian conglomerate, recently opened an offer to acquire an additional 26% share in New Delhi Television (NDTV), which was positively accepted by the Indian market regulator Sebi. The deal, worth USD 60.78 million, is expected to b...

ADB and Indonesia team up on coal power plant retirement contract

ADB and Indonesia team up on coal power plant retirement contract

By Akshay Kedari

The Asian Development Bank and Indonesia, along with a private power company announced partnering to refinance and retire a coal-fired power plant under a groundbreaking carbon emissions reduction program. According to reliable sources, West Java&...