Broadcom CEO Tan Hock has announced an annual investment of $2 billion (1.8 billion euros) to unlock customer value of VMware solutions. The funding will be used to accelerate the growth of VMware through innovation and research and development (R&D). Half of the money will go to R&D, while the other half will be used to accelerate the deployment of VMware solutions through professional services and its partner ecosystem. This move follows the acquisition of VMware by Broadcom.
Virtualization of compute, storage, and network functions gives companies the ability to more easily manage parts of the data center in on-prem, private cloud environments, providing similar productivity, efficiency, ease of use, resiliency, and elasticity that enterprises enjoy with public clouds. Broadcom will make additional investments to make this technology work together seamlessly and much more easily, and resources to help more customers adopt and deploy this technology.
Broadcom will invest in expanding VMware’s software stack to run and manage workloads across private and public clouds, allowing enterprises to securely and seamlessly run application workloads on-prem or in any cloud platform of their choice. The other half of the $2 billion a year initiative is aimed at growing the range of professional VMware services designed to help enterprises deploy private clouds. This primarily means an investment in both professional service support and external partners.
Together with Broadcom, VMware will be able to partner with global system integrators and double its investment in professional services to help customers configure, use, and take advantage of this technology, unlocking even more value. Broadcom’s investment in VMware will benefit the technology industry and customers alike, helping the company build on its strengths and ambitions.
