Fortifying The Endpoint
Carbon Black has changed strategy just 15 months after the company announced its planned sale to VMware in a deal worth $ 2.1 billion in business. The deal will allow Waltham, a mass-based endpoint security provider to serve as the anchor for Palo Alto, California-based VMware's new Security Business Unit.
Carbon Black's share is up 39 percent to $ 26 per share since reports first emerged Aug. 9 that negotiations were underway to sell the company to a technology vendor. Late Thursday, VMware agreed to buy Carbon Black for $ 26 per share, which (except Friday) is higher than the company's stock had traded at any time since June 201
Carbon Black CEO Patrick Morley sent a note to the company's employees, and VMware CEO Pat Gelsinger spoke to investors Thursday about what the acquisition means for both companies, according to documents filed with the U.S. Securities and Exchange Commission.
Here's a look at what Morley and Gelsinger had to say about what attracted VMware to Carbon Black's security portfolio for the endpoint and how VMware plans to improve Carbon Black's protection capabilities and marketing strategy going forward.