Omnissa is Now an Independent Software Company and Digital Workspace Leader with the Closing of Acquisition by KKR
01 July 2024 - 9:58PM
Business Wire
With best-in-class technology, global reach and
growth investment from KKR, Omnissa is positioned to deliver on its
autonomous workspace vision
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 seamless digital work experience built on
flexibility and choice, that moves with the employee. It also means
automated provisioning and security given that two-thirds of IT
departments suffer persistent talent shortages. Omnissa is how
organizations meet that need.”
“Omnissa is a customer-centric technology and innovation leader
with a talented team and a compelling opportunity to define and
lead the $26 billion digital workspace market,” said Bradley Brown,
Managing Director at KKR. “The closing of our investment concludes
a two-year journey and marks the start of an exciting new chapter.
As a standalone company, Omnissa is positioned to focus exclusively
on its vision for the future of digital workspace experiences and
achieving long-term growth by delivering next-generation work
environments for its loyal customers and partners.”
As an independent software company, Omnissa will combine its
industry-leading products across Unified Endpoint Management,
Virtual Apps and Desktops, Digital Employee Experience and Security
& Compliance into an AI-driven platform that automates the
provisioning and securing of employee devices and applications,
while providing the intelligence to roll out new services and use
cases for employees and for management.
Omnissa’s leadership team, including CEO Shankar Iyer, SVP of
Products Bharath Rangarajan and SVP of Marketing Renu Upadhyay,
will address customers and partners at the upcoming Omnissa Live
event being hosted on July 23 to provide more details on Omnissa’s
strategy to redefine the future of work.
The transaction will also include local closings in certain
jurisdictions, which are expected to occur during the balance of
2024.
About Omnissa
Omnissa is the leading digital work platform company, empowering
the world’s dynamic workforces to do their best work from anywhere.
The company’s AI-driven workspace platform helps organizations and
their people unlock exponential business value with
industry-leading solutions that include Unified Endpoint
Management, Virtual Apps and Desktops, Digital Employee Experience
and Security & Compliance. Trusted by 26,000 customers
worldwide, Omnissa has a 20-year track record in defining digital
workspaces. Omnissa, formerly a VMware business, is a
privately-held company with 4,000 employees around the globe. For
more information, visit www.omnissa.com.
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