![]() #CLOUD BACKBLAZE NASDAQ 100M IPO UPDATE#The company also took the moment to update on guidance for its Q1 results, which will be coming out on May 27. We have enormous opportunity, we have the right solutions, the right team, and we will continue to execute with focus, passion, and agility.” “I am honored, humbled and excited to have been chosen to lead this company to a new phase of growth. #CLOUD BACKBLAZE NASDAQ 100M IPO SOFTWARE#“VMware is uniquely poised to lead the multi-cloud computing era with an end-to-end software platform spanning clouds, the data center and the edge, helping to accelerate our customers’ digital transformations,” said Raghuram in a statement. Raghuram has not only been the person overseeing some of VMware’s biggest divisions and newer areas like software-defined networking and cloud computing, but he’s had a central role in building and driving strategy for the company’s core virtualization business, been involved with M&A and, as VMware points out, “key in driving partnerships with Dell Technologies,” among other partners. “Raghu is now in position to architect VMware’s future, helping customers and partners accelerate their digital businesses in this multi-cloud world.” Throughout his career, he has led with integrity and conviction, playing an instrumental role in the success of VMware,” said Michael Dell, chairman of the VMware Board of Directors, in a statement. “I am thrilled to have Raghu step into the role of CEO at VMware. That partnership will not end the strategic relationship, however, which is set to continue and now Raghuram will be in charge of building and leading.ĭell is spinning out VMware in a deal expected to generate over $9B for the companyįor that reason, you might look at this as a deal nodded through significantly by Dell. About a month ago, Dell confirmed long-anticipated news that it would be spinning out its stake in VMware in a deal that’s expected to bring Dell at least $9 billion - putting to an end a financial partnership that initially kicked off with an eye-watering acquisition of EMC in 2016. Indeed, the move is coming at a time when there is already a lot of other change underway and speaks to the company looking for stability and continuity to lead it through that. Putting a veteran in at the helm sends a clear message that VMware has picked someone clearly dedicated to the company and its culture. He’s also held positions at the company overseeing areas like datacenters and VMware’s server business. Raghuram has been with the company for 17 years in a variety of roles, most recently COO of products and cloud services. Until then, CFO Zane Rowe will continue in the role in the interim. He will be taking on the new role on June 1. Raghu Raghuram - a longtime employee of the company - has been appointed the new CEO. Five months after it was announced that Pal Gelsinger would be stepping down as CEO of VMware to take the top job at Intel, the virtualization giant has finally appointed a permanent successor. ![]()
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