Seeking Alpha

VMware to buy mobile-management firm in $1.54B deal

  • VMware (VMW) has agreed to acquire privately held AirWatch, a provider of corporate mobile-management and security products, for $1.175B in cash and $365M of installment payments and assumed unvested equity.
  • AirWatch has over 10,000 customers globally and more than 1,600 employees.
  • VMWare will fund the deal through cash on hand and $1B of additional debt from EMC (EMC). (PR)
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Comments (3)
  • LYogi
    , contributor
    Comments (2553) | Send Message
     
    This deal values Blackberry's Enterprise Management business at $22/share based on number of customers (and my bet is that BB has more lucrative clients than AirWatch)

     

    This doesn't include the value of 80 Million BBM users, the real estate holdings, cash, patents, QNX

     

    Blackberry is worth minimum $30/share.

     

    Today.
    22 Jan 2014, 09:54 AM Reply Like
  • Jeb1517
    , contributor
    Comments (60) | Send Message
     
    10,000 customers worth $1.5B? Does that mean if BBRY has at least 100,000 customers it could be worth $15B? Current market cap is $5.5B.
    22 Jan 2014, 09:54 AM Reply Like
  • Nathan05
    , contributor
    Comment (1) | Send Message
     
    Now IBM has Fiberlink, Citrix has Zenprise, VM has AirWatch. 2014 is definitely the year for EMM (Enterprise Mobility Management). I'd grab a front seat to watch this "clash of clan" show on.
    22 Jan 2014, 01:10 PM Reply Like
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