The end-user computing (EUC) division of VMware, which was part of Broadcom following the virtualization giant’s acquisition, has transitioned into a standalone company under global investment firm KKR’s ownership, now named Omnissa. This announcement follows KKR’s completion of the previously announced acquisition of Omnissa from Broadcom for approximately $4 billion.
With $1.5 billion in annual recurring revenue and 26,000 customers globally, the company will continue to offer and expand its core products, including Workspace ONE and Horizon, focusing on autonomous and personalised digital workspace solutions.
Omnissa will maintain its existing management team, led by CEO Shankar Iyer, overseeing 4,000 employees.
“As an independent business with a supportive investor in KKR, Omnissa will expand its industry-leading platform with new investments in AI, open APIs, and simplified product and pricing strategies to create the industry’s first autonomous workspace experience,” the company said.
“We are now an independent software company, with a unique combination of talent, technology and ecosystem assets exclusively focused on empowering transformative workspace experiences for customers and partners around the world,” wrote Iyer in company blog.
“With KKR’s backing, we now have the agility, the commitment and the investment to assume our position as the marquee software company defining and leading this $26 billion market opportunity,” he added.
Bradley Brown, Managing Director at KKR, said, “Omnissa is a customer-centric technology and innovation leader with a talented team and a compelling opportunity to define and lead the $26 billion digital workspace market.”
“The closing of our investment concludes a two-year journey and marks the start of an exciting new chapter. As a standalone company, Omnissa is positioned to focus exclusively on its vision for the future of digital workspace experiences and achieving long-term growth by delivering next-generation work environments for its loyal customers and partners,” Brown said.
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Omnissa plans to integrate its products across Unified Endpoint Management, Virtual Apps and Desktops, Digital Employee Experience, and Security & Compliance into an AI-driven platform that automates the provisioning and securing of employee devices and applications, while providing intelligence to roll out new services and use cases for employees and management.
The leadership team, including CEO Shankar Iyer, SVP of Products Bharath Rangarajan, and SVP of Marketing Renu Upadhyay, will address customers and partners at the upcoming Omnissa Live event on July 23 to provide more details on Omnissa’s strategy to redefine the future of work.
The transaction will also include local closings in certain jurisdictions, expected to occur throughout 2024, the company said.
