VMware, the popular cross-platform software maker that help computers to run different operating systems has acquired mobile device management software maker AirWatch for $1.54 billion.
The new move of a desktops and laptops focused software-maker is said to be the part of the increase of the other similar businesses that trying to securing the mobile markets such as smartphones and tablets. AirWatch is the software-maker for mobile-device management market, where the other popular companies are present such as Citrix Systems, Good Technology and MobileIron. And now with the acquisition, VMware will be providing the management tools for smartphones and tablets, not only to businesses but also to individual users.
EMC Corporation of Hopkinton, Massachusetts is the major owner of Palo Alto, California-based VMware, which agreed to pay $1.18 billion in cash and $365 million in assumed unvested equity and installments.
According to Gartner, mobile-gadgets management tool market will reach around $1.6 billion revenue in 2014, which was $780+ million in 2012.
Both VMware and AirWatch released separate statements regarding the deal, you can go through in-detailed via the source links below.