Broadcom Inc to acquire statistical software giant SAS Institute
US semiconductor manufacturing company Broadcom Inc is in talks to acquire software company SAS Institute Inc. Media reports say the deal will close between $ 15 billion and $ 20 billion.
This is in line with Broadcom’s enterprise software business, in particular its products from the acquired companies CA Technologies and Symantec. The potential acquisition will allow Broadcom to expand its infrastructure software solutions business.
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Global technology company Broadcom is a global leader in infrastructure and semiconductor software solutions. Its solutions include data center networking and storage, enterprise and mainframe software focused on automation, monitoring and security of smartphone components, telecommunications and factory automation. Built largely through acquisitions, Broadcom has been on the hunt for other deals since President Donald Trump blocked his 2018 lawsuit to buy rival Qualcomm Inc., indicating security risks. After that, Broadcom moved its headquarters in the United States from its old base in Singapore.
Founded in 1976, SAS Institute is a North Carolina-based business analysis software developer. Led by co-founders John Sall and James Goodnight, the company recently transitioned from traditional client-server software to a subscription-based SaaS company. With more than 12,000 employees worldwide, SAS Institute sells analysis, business intelligence and data management software. The company competes with IBM, Microsoft, Oracle, SAP, Tableau and Tibco, among others, on various fronts.
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After a 50% increase in its stock value in the past year, Broadcom’s market value stands at $ 200 billion. Additionally, Broadcom shares rose 1% after the potential acquisition was announced. Earlier last year, Broadcom announced the availability of DX NetOps powered by Broadcom Silicon and BroadView Telemetry.
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