Breaking: VMware Announces Intent to Acquire Datrium
At VMware we’ve made it a focus to provide a comprehensive portfolio of hybrid cloud solutions and services that enable our customers to leverage consistent infrastructure and operations from the datacenter to the cloud..
With this in mind, I am pleased to announce VMware’s intent to acquire Datrium, a leader in cloud-native disaster recovery, to deliver on our vision to provide a cost-optimized Disaster Recovery as a Service (DRaaS) solution that can be rapidly deployed and managed as a modern cloud service. Datrium is already a VMware partner offering DRaaS with VMware Cloud on AWS as an end-to-end DR service. The Datrium DRaaS solution offers an innovative, cost-optimized approach with incremental backups that are encrypted, deduped, and stored efficiently in AWS S3.
Hybrid cloud has emerged as the most common cloud strategy for our customers. With organizations sometimes having thousands of applications – both existing legacy apps and modern apps based on microservices architecture – better securing and maintaining those apps in hybrid cloud environments is critical to success for many of our customers.
After the deal closes, Datrium’s proven team of industry experts and unique IP for end-to-end DR services will broaden VMware Cloud to include DRaaS where customers can experience a consistent operating model across the hybrid cloud.
On behalf of VMware, I look forward to welcoming the Datrium team to VMware – some of whom hail as far back as from the early beginnings of VMware and the EMC Data Domain era.
This blog contains forward-looking statements including, among other things, statements regarding VMware's intention to acquire Datrium, the expected benefits of the acquisition and complementary nature and strategic advantages of combined workforce, offerings and opportunities after close. These forward-looking statements are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (1) the ability of the parties to satisfy closing conditions to the acquisition on a timely basis or at all; (2) market conditions, regulatory requirements and other corporate considerations that could affect the timing and closing conditions to the acquisition; (3) the ability to successfully integrate acquired assets into VMware; (4) the impact of the COVID-19 pandemic on our operations, financial condition, our customers, the business environment and the global and regional economies; (5) VMware’s customers’ ability to transition to new products, platforms, services, solutions and computing strategies in such areas as containerization, modern applications, intrinsic security and networking, cloud, digital workspaces, virtualization and the software defined data center, and the uncertainty of their acceptance of emerging technology; (6) competitive factors, including but not limited to pricing pressures, industry consolidation, entry of new competitors into the virtualization software and cloud, end user and mobile computing, and security industries, as well as new product and marketing initiatives by VMware’s competitors; (7) VMware's ability to enter into and maintain strategically effective partnerships; (8) rapid technological changes in the virtualization software and cloud, end user, security and mobile computing industries; (9) other business effects, including those related to industry, market, economic, political, regulatory and global health conditions; (10) VMware's ability to protect its proprietary technology; (11) VMware's ability to attract and retain highly qualified employees; (12) adverse changes in general economic or market conditions; (13) changes in VMware's financial condition; and (14) VMware's relationship with Dell Technologies and Dell's ability to control matters requiring stockholder approval. These forward-looking statements are made as of the date of this blog, are based on current expectations and are subject to uncertainties and changes in condition, significance, value and effect as well as other risks detailed in documents filed with the Securities and Exchange Commission, including VMware's most recent reports on Form 10-K and Form 10-Q and current reports on Form 8-K that we may file from time to time, which could cause actual results to vary from expectations. VMware assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this post.
