VMware, Inc. of Palo Alto, CA announced on October 8 it has completed its acquisition of Carbon Black, a leader in cloud-native endpoint protection, in an all-cash transaction for $26 per share, representing an enterprise value of $2.1 billion.
“Carbon Black brings us an industry-leading endpoint and workload
security platform, with a cloud-native architecture, an AI-powered data lake
and a smart, lightweight agent,” said Sanjay Poonen, chief operating officer,
Customer Operations, VMware. “The Carbon Black platform, along with VMware NSX,
VMware Workspace ONE, VMware Secure State and our future innovations, will
deliver a highly-differentiated intrinsic security platform across network,
endpoint, workload, identity, cloud and analytics. We believe this will bring a
fundamentally new paradigm to the security industry.”
With the close of the acquisition, VMware is launching a new Security
Business Unit within the company. Carbon Black CEO Patrick Morley will be
serving as the general manager of this new group reporting to Sanjay Poonen,
chief operating officer, Customer Operations, VMware. Carbon Black will form
the nucleus of VMware’s Security offering, focused on helping VMware customers
with advanced cybersecurity protection, and in-depth behavioral insight to help
stop sophisticated attacks and accelerate response.
“From the beginning, Carbon Black has been all about collecting and
analyzing key endpoint data to understand attacker behaviors, and help make our
customers more resilient against advanced cyberattacks,” said Patrick Morley,
general manager, Security Business Unit, VMware. “Joining VMware helps us reach
a broader range of organizations, and enables us to build security into the
underlying fabric of the compute stack. We are thrilled to join forces as we
further our vision of creating a world safe from cyberattacks and see and stop
modern attacks.”
Under the terms of the transaction, which was structured as a cash tender offer, Carbon Black shareholders who validly tendered (and did not properly withdraw) their shares in Carbon Black, received $26 per share in cash, representing an enterprise value of $2.1 billion. The transaction was funded through cash on the balance sheet, and by accessing short-term borrowing capacity.
Source: VMware
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