Broadcom Inc To Acquire Statistical Software Giant SAS Institute
American semiconductor manufacturing company Broadcom Inc is in talks to acquire software company SAS Institute Inc. According to media reports, the deal would close in the range of $15 billion to $20 billion. This is in line with Broadcom’s enterprise software businesses– especially its products from acquired companies CA Technologies and Symantec. The potential acquisition will enable Broadcom to expand its infrastructure software solutions business. Global tech company Broadcom is a global leader in the semiconductor and infrastructure software solutions industry. Its solutions include data center networking and storage, enterprise and mainframe software focused on automation, monitoring and security smartphone components, telecoms and factory automation. Largely built through acquisitions, Broadcom has been on the hunt for more deals ever since President Donald Trump blocked its pursuit in 2018 to buy rival company Qualcomm Inc., stating security risks. Post this, Broadcom moved its headquarters to the US from its former base in Singapore. Founded in 1976, SAS Institute is a North Carolina-based business analytics software developer. Led by co-founders John Sall and James Goodnight, the company recently pivoted from a traditional client-server software to become a subscription-based SaaS company. With more than 12,000 employees across the world, SAS Institute sells analytics, business-intelligence and data management software. The company competes with the likes of IBM, Microsoft, Oracle, SAP, Tableau and Tibco, among others, in various fronts. After a 50 percent rise in its share value in the past one year, Broadcom’s market value stands at $200 billion. Additionally, Broadcom’s stock rose one percent post the potential acquisition news. Earlier last year, Broadcom had announced the availability of DX NetOps powered by Broadcom Silicon and BroadView Telemetry.
This acquisition will be in line with Broadcom’s enterprise software businesses.
SAS Institute's acquisition will be in line with Broadcom Inc's enterprise software businesses
["Mergers and Acquisitions"]
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["AI", "analytics", "RAG", "R", "Go", "automation", "programming_languages:R", "programming_languages:Go"]
After diving deep into the Indian startup ecosystem, Debolina is now a Technology Journalist. When not writing, she is found reading or playing with paint brushes and palette knives. She can be reached at debolina.biswas@analyticsindiamag.com