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KKR to buy Broadcom's EUC Division in $4bn deal
(Sharecast News) - Private equity firm KKR has agreed to buy Broadcom's end-user computing division - the EUC Division - in a $4bn deal. Once the deal completes, the division will become a standalone company.
Originally a division of VMware prior to Broadcom's acquisition, the EUC Division provides a suite of digital workspace solutions that allow organisations to securely deliver and manage applications, desktops and data across any device or platform.
Its flagship products include Horizon, a leading desktop and application Virtualization platform, and Workspace ONE, a marquee Unified Endpoint Management platform for the enterprise, along with common platform services of data, identity and workflows.
Bradley Brown, managing director at KKR, said: "Workspace ONE and Horizon are best-in-class platforms chosen by many of the world's leading enterprises to create seamless and secure digital workspaces with interoperability across increasingly complicated technology stacks.
"We see great potential to grow the EUC Division by empowering this talented team and investing in product innovation, delivering excellence for customers and building strategic partnerships."
As a standalone company, the EUC Division will continue to be run by its existing management team led by Shankar Iyer. In addition to expanding R&D and pursuing new strategic partnerships, KKR said it plans "to support the EUC Division's focus on customer relationships through significant investments across go-to-market functions".
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