Carbon Black's uncertain future following the closing of Broadcom's $69 billion acquisition of VMware in November is now settled, with the security software business merging with Symantec to form Broadcom's new Enterprise Security Group.
The creation of the new security business unit was among the highlights of Broadcom's latest quarterly financial report this week, which illustrated the boost VMware is having on the IT giant's bottom line.
According to Broadcom, revenue when combining both Broadcom and VMware numbers jumped 34% year-over-year, to almost $12 billion.
The creation of the security business unit ended a rollercoaster ride for Carbon Black, which VMware bought Carbon Black for $2.1 billion in 2019.
VMware used the acquisition to create a new security business unit, with Carbon Black being foundational to the virtualization giant's security offerings.
They wrote in another blog post before the deal closed that there were no guarantees that Broadcom would keep Carbon Black in the fold.
The unit offered workload protection tools for hybrid cloud deployments and cloud migrations and on the endpoint side of things, but there are gaps in its offerings.
For a while, it seemed like Carbon Black was on its way out.
Soon after the acquisition, it was separated from VMware and became an autonomous business unit.
Later, investment firm KKR agreed to buy both VMware's EUC business and Carbon Black for almost $4 billion.
Broadcom finalized the $3.8 billion deal last month, but Carbon Black wasn't part of it, creating even more speculation about the business unit's future.
According to Greer, the first step will be investing in R&D to improve and extend the live of products being used both on premises and in hybrid clouds.
He pointed to the complementary nature of the product lines and the combined value they'll offer enterprises.
Broadcom also will make investments in engineering, he wrote.
Both Carbon Black and Symantec have engineering sites in the India and while Broadcom has plans to converge them, the company doesn't have plans to cut jobs.
A posting on LinkedIn by Jason Rolleston, the former general manager at Carbon Black who know is chief product officer for Broadcom's enterprise security group, seemed to indicate that job cuts were on the way for Carbon Black employees.
After summarizing what Broadcom is doing with both Carbon Black and Symantec, Rolleston thanked Carbon Black employees for their work over the past few years.
This Cyber News was published on securityboulevard.com. Publication date: Tue, 12 Mar 2024 16:13:06 +0000