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VMware acquires Pivotal and Carbon Black for nearly $ 5 billion

(Reuters) – VMware said on Thursday it bought two software companies in separate deals worth about $ 5 billion, and wanted to expand the range of products and services it offers to its customers.

In a deal brokered by Dell Technologies, VMware purchased Pivotal Software for $ 2.7 billion. Dell is a controlling stakeholder in both companies.

Separately, VMware said it would buy software maker Carbon Black for about $ 2 billion in cash as it seeks to expand its range of security products.

VMWare creates cloud computing software, while Pivotal provides tools for software developers who work with cloud services. Carbon Black, on the other hand, has a cloud security platform that uses big data and behavioral analytics to protect against cyberattacks.

VMware will pay $ 26 per share for Carbon Black at a premium of 6% during Thursday's close. [1[ads1]9659002] "By bringing Carbon Black into the VMware family, we are now taking a major step forward in security and providing an enterprise-grade platform to manage and protect workloads, applications and networks," CEO Pat Gelsinger said in a statement . [19659002] The company expects Carbon Black and Pivotal to meaningfully increase revenue in the first year after concluding agreements in January next year.

Dell had taken Pivotal public last year for $ 15 per share. Thursday's Pivotal deal is for a mixed price per share of $ 11.71, where Class A shareholders will receive $ 15 per share.

Dell's stake in Pivotal will be switched to VMware shares.

The company and its founder Michael Dell owned 131.3 million shares of Pivotal B stock, including the 44.2 million shares that VMware owns, according to a regulatory filing.

Pivotal shares rose 9% in expanded trading, while shares of Carbon Black were up nearly 6%. VMware shares fell 7% and Dell shares fell 3%.

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