M&A Deal Summary

VMware Acquires Pivotal Software

On August 22, 2019, VMware acquired internet software and services company Pivotal Software for 2.7B USD

Acquisition Highlights
  • This is VMware’s 12th transaction in the Internet Software and Services sector.
  • This is VMware’s largest (disclosed) transaction.
  • This is VMware’s 36th transaction in the United States.
  • This is VMware’s 24th transaction in California.

M&A Deal Summary
Date 2019-08-22
Target Pivotal Software
Sector Internet Software and Services
Buyer(s) VMware
Deal Type Add-on Acquisition
Deal Value 2.7B USD
Advisor(s) Morgan Stanley (Financial)
Davis Polk & Wardwell
Latham & Watkins (Legal)

Target

Pivotal Software

San Francisco, California, United States
Pivotal Software, Inc. is a cloud-native platform that makes software development and IT operations a strategic advantage for customers. Pivotal Software, Inc. cloud-native platform, Pivotal Cloud Foundry, accelerates and streamlines software development by reducing the complexity of building, deploying and operating new cloud-native applications and modernizing legacy applications. This enables its customers' development and IT operations teams to spend more time writing code, waste less time on mundane tasks and focus on activities that drive business value – building and deploying software. Pivotal Software was founded in 2013 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

VMware

Palo Alto, California, United States
Category Company
Founded 1998
Sector Internet Software and Services
Revenue 12.9B USD (2022)
DESCRIPTION
VMware office in Broomfield, Colorado.
VMware office in Broomfield, Colorado.

VMware is a provider of technologies designed to establish secure and reliable IT environments and address a range of complex IT challenges that include cost reduction, operational inefficiencies, access to cloud computing capacity, business continuity and corporate end-user computing device management. VMware's solutions enable organizations to aggregate multiple servers, storage infrastructure and networks together into shared pools of capacity that can be allocated dynamically, securely and reliably to applications as needed. These internal computing infrastructures can be dynamically extended by customers to the public cloud environment. VMware was formed in 1998 and is based in Palo Alto, California.

DEAL STATS #
Overall 40 of 44
Sector (Internet Software and Services) 12 of 13
Type (Add-on Acquisition) 38 of 42
State (California) 24 of 27
Country (United States) 36 of 40
Year (2019) 3 of 3
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-22 Carbon Black

Waltham, Massachusetts, United States

Carbon Black, Inc. is a provider of endpoint-security platform, enabling organizations to stop the most attacks, see every threat, close security gaps, and evolve their defenses. The CB Predictive Security Cloud® (PSC) consolidates endpoint protection and IT operations into an endpoint protection platform (EPP) that prevents advanced threats, provides actionable insight and enables businesses of all sizes to simplify operations. By analyzing billions of security events per day across the globe, Carbon Black has key insights into attackers’ behaviors, enabling customers to detect, respond to and stop emerging attacks.

Buy $2.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-21 Nyansa

Palo Alto, California, United States

Nyansa, Inc. is a provider of advanced IT analytics software technology. Nyansa is credited with developing the first full-stack, vendor-agnostic, cloud-based user performance management platform called Voyance. Nyansa, Inc. was established in 2013 and is based in Palo Alto, California.

Buy -
Mergr

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Company

Legal