Strengthening the Endpoint
Carbon Black changed its strategy just 15 months after the company went public with a $ 2.1 billion planned sale to VMware. The transaction will enable Waltham, Massachusetts-based endpoint security vendor to act as an anchor for VMware's new Security Business Unit in Palo Alto, California.
Carbon Black Share Increased 39 Percent to $ 26 Since First Report On August 9, there were negotiations to sell the company to a technology provider. VMware agreed to buy carbon black at $ 26 per share late Thursday, which is more than the company's stock (excluding friday) just one month after the initial public offering of Carbon Black, which traded at some point since June 201
Carbon Black CEO Patrick Morley sent a memo to the company's employees, and Pat Gelsinger, CEO of VMware, spoke with investors on Thursday about the importance of the acquisition for both companies. This is apparent from documents filed with the US Securities and Exchange Commission.
Here's what Morley and Gelsinger had to say about the power of VMware's commitment to Carbon Black's Endpoint Security portfolio and VMware's plans to improve the future of Carbon Black's protections and market launch strategy.