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

|By:, SA News Editor

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)