VMware Acquires Pivotal Software

Broadcom Acquires VMware

November 22, 2023

Cloud & SaaS

Broadcom Inc. completed its acquisition of VMware, Inc., a leading provider of multi-cloud and virtualization software, in a transaction valued at approximately $61 billion (plus assumed net debt). The deal brings VMware into Broadcom’s software portfolio to expand Broadcom’s infrastructure and cloud software capabilities and rebrand the combined software business under the VMware name.

VMware Acquires Carbon Black

October 8, 2019

Cybersecurity

VMware completed its acquisition of Carbon Black in an all-cash transaction valued at $2.1 billion (at $26 per share). Carbon Black will form the nucleus of a new VMware Security Business Unit to expand VMware’s cloud-native security and endpoint protection capabilities.

Dell Completes Spin-Off of VMware

November 2, 2021

Software

Dell Technologies completed the spin-off of its 81% equity ownership of VMware, distributing VMware Class A and Class B shares to Dell stockholders via a special dividend and converting Class B shares into Class A prior to distribution. VMware also paid an $11.5 billion special cash dividend to its shareholders (Dell received $9.3 billion), and the two companies preserved a commercial agreement to maintain product co-development and sales alignment while allowing VMware to operate as a standalone company.

Upland Software Acquires Panviva

June 24, 2021

Cloud & SaaS

Upland Software, Inc. (Nasdaq: UPLD) has acquired Panviva Pty Ltd, a cloud-based enterprise knowledge-management (KM) provider, to expand Upland’s knowledge-guided customer service and contact-center offerings. The deal was funded with $19.8 million cash at closing plus a $3.5 million cash holdback; Panviva is expected to contribute approximately $7.5 million of recurring annual revenue and the transaction led Upland to raise its 2021 guidance.

Rapid7 Acquires DivvyCloud for Approximately $145M

April 28, 2020

Cybersecurity

Rapid7 agreed to acquire DivvyCloud, a cloud security posture management (CSPM) provider, for approximately $145 million in cash and stock. The acquisition expands Rapid7’s cloud security capabilities by integrating DivvyCloud’s automated cloud and container compliance, remediation, and governance technology into Rapid7’s Insight platform.

Vista Equity Partners Acquires Acumatica from EQT VII

May 29, 2025

Cloud & SaaS

EQT VII has agreed to sell Acumatica, a cloud-native ERP and business management software provider, to Vista Equity Partners. The transaction, expected to close in Q3 2025, transfers ownership as Vista aims to continue scaling Acumatica's product innovation, partner ecosystem and AI-enabled capabilities.