VMWare to buy mobile security firm AirWatch in $1.54 bln deal

Wed Jan 22, 2014 7:15am EST

Jan 22 (Reuters) - Cloud software maker VMWare Inc said it would buy mobile security company AirWatch for about $1.18 billion in cash and about $365 million in installment payments and assumed unvested equity.

AirWatch will become a unit of VMWare and its employees will continue to report to AirWatch founder and Chief Executive John Marshall.