Virtualization and cloud infrastructure giant VMWare (NYSE: VMW) announced on Tuesday that it has completed its acquisition of endpoint security firm Carbon Black (NASDAQ: CBLK) in an all-cash transaction for $26 per share, representing an enterprise value of $2.1 billion.
When the acqusition was first announced in August 2019, VMWare said that Carbon Black’s solutions would be combined with VMware’s security offerings, including AppDefense, Workspace ONE, NSX and SecureState, and provide a security cloud platform for any application, running on any cloud, on any device.
With the acquisition now complete, VMware is launching a new Security Business Unit within the company led by Carbon Black CEO Patrick Morley. As the general manager of the new group, Morley will report to Sanjay Poonen, chief operating officer, Customer Operations at VMware.
Founded in 2002, Carbon Back was initially called Bit9, but in 2016, two years after a merger with Carbon Black, it officially adopted the name Carbon Black. The list of Carbon Black acquisitions includes Objective Logistics, VisiTrend, and Confer Technologies.
“Joining VMware helps us reach a broader range of organizations, and enables us to build security into the underlying fabric of the compute stack,” Morley said in a statement. “We are thrilled to join forces as we further our vision of creating a world safe from cyberattacks and see and stop modern attacks.”