VMware's COO says that its $2.1 billion acquisition of Carbon Black is all about fixing cybersecurity, an industry 'going through turmoil'
"I think in summary, security is challenged right now because it's a very important topic for technology leaders inside of companies, for boards, for executive teams," Carbon Black CEO Patrick Morley told Business Insider. "It can change the brand or the finances of a company overnight if they get breached."and Carbon Black first began a partnership two years ago, as part of a push into cybersecurity.
Carbon Black especially appealed to VMware because it combined several crucial security services into one product, vastly simplifying life for its customers. Poonen says that it worked out, too, because customers told VMware that they were already using Carbon Black themselves, so the integration helped them out. That paved the way for the acquisition, he says. Experts say VMware is trying to get closer to developers with the $4.
"Obviously cybersecurity is an unavoidable topic," Poonen said. "The only thing that's going faster than the spend on security vendors is the number of breaches and the bad guys."
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