M&A 2018 Annual Review

VMware Morrison & Foerster represented VMware, a leading innovator in enterprise software, in two acquisitions: its acquisition of CloudVelox, a designer of cloud automation and optimization software; and its acquisition of CloudCoreo, a next-generation cloud security service. As part of VMware, CloudVelox will integrate as part of VMware HCX and will enable a dynamic pool of resources and seamless workload mobility and CloudCoreo will support consistent operations across any cloud and provide customers with more choices without increasing complexity or risk. The firm also represented VMware in its structuring and negotiations with Dell in connection with Dell’s recap transaction involving the exchange of Dell’s VMware tracking stock for Dell’s Class C common stock and cash. The majority of the funding for the cash portion of the exchange transaction consisted of proceeds from VMware’s $11 billion pro rata special dividend to all holders of VMware common stock. “WE LOOK FORWARD TO WELCOMING THE TEAM FROM CLOUDVELOX TO VMWARE AND WORKING WITH THEM TO DELIVER NEW AND ENHANCED VMWARE HCX FEATURES FOR APP MOBILITY AND INFRASTRUCTURE HYBRIDITY ACROSS CLOUDS UPON CLOSING OF THE TRANSACTION.” Allwyn Sequeira, SVP & GM, Hybrid Cloud Services BU, VMware 31 MORRISON & FOERSTER 2018 M&A ANNUAL REVIEW