Today I am excited to announce that Datrium has entered into a definitive agreement to be acquired by VMware. The transaction has been approved by both companies’ Boards, but is potentially subject to certain regulatory approvals.
Data protection and cost-effective cloud-native disaster recovery is core to our mission at Datrium, and it’s never been more important to our customers. By joining forces with VMware, we’ll be able to accelerate our roadmap plans to support all the major cloud platforms, work with a broader partner community, including more than 4,400 members of the VMware Cloud Provider Program, and deliver more innovation faster.
The cost-effective nature of Datrium DRaaS is the perfect complement to VMware’s current performance-optimized DRaaS offering in VMware Cloud on AWS. Together, we’ll be able to give customers worldwide unprecedented value.
Our founders and employees are among the most well-regarded experts in cloud-native DR and virtualization. Several of our founders have deep VMware roots and were instrumental in the creation of the hypervisor and have a rich history of creating world-class data protection products. While the Datrium team is able to deliver deep technical innovation, they never compromise on the customer experience. We fundamentally believe that DR should be easy, and organizations should not need to contend with VM format conversions or lengthy rehydration periods when they are in the midst of a disaster. VMware has a similar commitment to providing seamless experiences in the hybrid cloud world. Together, we believe our employees will thrive, and customers and partners will be able to take advantage of industry-leading DR and data protection solutions and unprecedented commercial opportunities.
I want to thank the entire Datrium team for their tireless efforts to deliver cloud-native DR for all VMware workloads, and data protection from threats such as ransomware, to customers.
We are excited about the next chapter with VMware, and thank you to all of our customers and partners for joining us on this journey.