VMware buys mobile security startup Airwatch to bolster product offering

VMware will buy mobile management and security startup outfit Airwatch for $1.54bn, or about £930m.

The firm announced today that the deal has been approved by both companies’ boards and is forecast to close by the end of this quarter.

The deal will see VMware, which also announced estimated revenue of $1.48bn for the fourth quarter of 2013, pay $1.175bn in cash and $365m in installment payments. Airwatch has nine offices worldwide with a workforce of 1,600 people and lists over 10,000 global customers.