International News

VMware buys two software firms in separate deals

(Reuters) – VMware Inc said on Thursday that it would buy Pivotal Software Inc, a maker of software development and management tools, in a deal valued at $2.7 billion.

Separately, it also said it would purchase software firm Carbon Black for an enterprise value of $2.1 billion.

Dell Technologies Inc is the controlling stockholder for VMware and Pivotal Software.

VMware’s deal for Carbon Black will be an all cash transaction for $26 per share, the company said in a statement.

The Pivotal deal is for a blended price per share of $11.71.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.