Ron Burgundy Posted January 22, 2014 Share Posted January 22, 2014 (Reuters) - Cloud software maker VMWare Inc said it would buy privately held mobile security company AirWatch in a deal valued at about $1.54 billion to tap into rising demand for software security, sending its shares up 3 percent in premarket trading. Mobile security products are in high demand because cyber attacks on mobile devices have grown exponentially in recent years as sales of smartphones and tablets have surged. Atlanta-based AirWatch, whose rivals include Cytrix, MobileIron and FrontRange, says it has more than 10,000 customers in 150 countries, including nine of top 10 U.S. retailers. "With mobile device usage becoming more prevalent in the workplace, we believe this acquisition will prove strategic in complementing and enhancing VMWare's end-user computing business," ISI Group analyst Brian Marshall said in a note. View the full article Quote Link to comment Share on other sites More sharing options...
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