Omnissa is Now an Independent Software Company and Digital Workspace Leader with the Closing of Acquisition by KKR [Yahoo! Finance]
Broadcom Inc. (AVGO)
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Source: Yahoo! Finance
PALO ALTO, Calif., July 01, 2024 BUSINESS WIRE )--Today, Omnissa officially launches as an independent software company and digital work platform leader, with $1.5 billion in annual recurring revenue and 26,000 customers around the world. The announcement follows the completion of the previously-announced acquisition of Omnissa by global investment firm KKR, for approximately $4 billion from Broadcom Inc. The company will continue under its existing management team led by CEO Shankar Iyer and overseeing 4,000 employees dedicated to technology, partner and customer leadership. 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. "Hybrid work forever changed the concept of the workspace," said Shankar Iyer, Omnissa CEO. "For organizations fighting to attract talent that means a
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AVGO
Earnings
- 6/12/24 - Beat
AVGO
Sec Filings
- 6/27/24 - Form 144
- 6/27/24 - Form 4
- 6/25/24 - Form 4
- AVGO's page on the SEC website