Any idea of euc sale close date? Q2 or Q3? Thanks
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June. By July 1st, US based employees will be working for Omnissa. Non-us employees will follow later based on country specific labor laws.
BMC Software went private in 2013 via a deal worth $6.9 billion with a plan for KKR to transform its business. Regardless of all the restructuring and cost-cutting that KKR demanded, that never happened. If the legacy BMC Software assets now sell for $15B in an IPO, that would be a remarkable gain for this obsolete software vendor.
NASDAQ was around 3500 in 2013 and 15500 now, so 6.9B->15B in that time frame is almost 50% worse than just buying NASDAQ index funds...
So maybe a decent gain for being BMC, but a pretty sh-t investment nonetheless.
May 6th will be the day.
We all wish, but this is incorrect. Last we were told was June 1st, or July 1st, or August 1st.
Summer 2024 will be the date.
Broadcom no longer honoring the steep vSphere for Desktops discount combined with the majority of EUC sales being thrown-in as "perks" in vSphere ELA bundles but never installed negates whatever KKR is planning to do. VDI is done and MS already ki-led Airwatch. At least EUC employees will get to be laid off by KKR not Broadcom.
May 6th will be the day.
Starting 6-May-24, End User Computing (EUC) customers should contact EUC support at https://customerconnect.omnissa.com for any technical needs.
The process of transitioning to Broadcom systems and the necessary migration of VMware systems will begin at approximately 5:00 p.m. (PDT) on Tuesday, April 30, 2024, and conclude at approximately, Sunday, May 5, 2024, at 7:30 p.m. (PDT).
https://kb.vmware.com/s/article/97304
We are getting closer.
"New business name, new office location upon deal close."
Relaunching EUC will be challenging for two reasons: the damage to our reputation by Broadcom Software leader mismanagement of the core business, and lack of interest in legacy UEM and VDI as CIOs respond to their C-suite focus on modern AI automation.
EUC marketing and sales teams have been dependent on the core business. KKR must make a huge investment to regain lost momentum and reposition the EUC value prop. Otherwise, we're doomed to manage the slow decline of our customer base over time.
end of June or July.
BMC Software went private in 2013 via a deal worth $6.9 billion with a plan for KKR to transform its business. Regardless of all the restructuring and cost-cutting that KKR demanded, that never happened. If the legacy BMC Software assets now sell for $15B in an IPO, that would be a remarkable gain for this obsolete software vendor.
KKR (NYSE:KKR) is reportedly weighing options, including debt in a sale or an initial public offering, to exit its investment in BMC Software in a deal that could garner ~$15B.
https://seekingalpha.com/news/4088686-kkr-considering-ipo-sale-of-bmc-software-report
"The longer it drags, more damage to the business."
Even after KKR closes the deal we should expect ongoing loss of customers already planning their departure to coincide with renewal time, etc. It's not just the IT leaders who are driving this change. It's also our channel partners. EUC installed base will shrink and our sales teams can reverse the damage done by HT and Broadcom Software execs.
Ir will be early Q3。
It will drag to the summer time. Stay clam.
not soon enough
"New business name, new office location upon deal close."
Plus, a new go-to-market approach that moves away from customer IT team centricity. Hire new ABM skilled sales reps to backfill the Core VMware c-suite relationships loss.
New marketing and sales leadership (VP and Director level) is likely required for this big change in GTM. This is a significant shift from the current VMware EUC approach.
New business name, new office location upon deal close.
Last update was end of June/ July time frame
The longer it drags, more damage to the business.
it is coming soon. The end of June is very likely.
Yep
Soon
It seems nobody knows or not many people here are interested in euc/vmware topic anymore. PPLs moved on very fast.
December 2025
Which is unrealistic but is just as good as guess as any you'll read here.
Sooner is better. Ever since Microsoft offered all my best customers One Year of free service if they switched in 2024, my sales pipeline was frozen. Some switched quickly, while other customers were assessing the offer. So, every month of delay matters.
Why? My customers are expecting prices to increase once KKR takes over, and they need to know by how much so they can determine the ROI value of switching vendors.
Probably late summer.
KKR will want to close ASAP so that they can start assessing the management team and go over the balance sheet in more detail. While HT and EUC execs gave them an overview of the current challenges and opportunities, they must complete their due diligence process. Having been thru PE onboarding before, the first 30-days are the most stressful.
Deciding what to keep, and what to discard, from EUC legacy business will be a priority.