Featured Company News - VMware Set to Collaborate with ADLINK to Simplify IoT Implementations
Research Desk Line-up: Tyler Technologies Post Earnings Coverage
LONDON, UK / ACCESSWIRE / August 25, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for VMware, Inc (NYSE: VMW), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=VMW. The Company announced on August 23, 2017, a new collaboration with ADLINK Technology to deliver mutual customers with a pre-integrated Internet of Things (IoT) solution that removes the guesswork out of selecting the hardware and software components for setting a typical IoT infrastructure. VMware and ADLINK are testing and enabling the respective IoT solutions to collaborate on offering mutual customers a comprehensive, supported IoT delivering the requisite hardware, software and services to tackle their IoT initiatives. Also, the Companies expect to conduct joint go-to-market activities. For immediate access to our complimentary reports, including today's coverage, register for free now at:
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The Announcement
According to VMware, as organizations embrace IoT, they face selection and integration of vendors as a major challenge. According to Gartner, through 2018, about 75% of IoT projects will take up twice as long as planned with consequent cost implications. Similarly, due to the lack of a single point IoT solution, enterprises are forced to cobble together multiple, disparate offerings and then invest time and effort to maintain in the longer run, which is a major inhibitor to wide-scale IoT implementation.
VMware announced that the recently reported VMware Pulse IoT Center will deliver the monitoring, managing, and security needs of IoT infrastructure from the edge to the cloud. Also, VMware Pulse IoT Center will simplify IoT complexity by managing different ‘things' under one portfolio, while enhancing the reliability and security of IoT infrastructure through accurate and real-time visibility of ‘thing' health, and accelerate the return on investment (ROI) of IoT use cases by streamlining how IoT projects are deployed and scaled. VMware announced that it expects the VMware Pulse IoT Center to be available in calendar 2017.
Company Growth Prospects
ADLINK views this announcement as a step to bridge the divide between organizations for the implementation of IoT. The creation of new disruptive industry solutions takes a lot more than any one vendor can deliver, and hence the ecosystem approach is second to none in the industry in terms of practical experience. VMware and ADLINK have a common goal of speeding up IoT adoption for organizations by enabling their solutions to reduce the time and effort required to setup an end-to-end IoT solution and improve the experience. The Companies will deliver a comprehensive edge infrastructure solution to power IoT analytics platforms that deliver new business insights for mutual clients.
VMware-Google Partnership
On August 22, 2017, VMWare announced that it will be the first unified endpoint management provider with full Chrome device management capabilities. VMware Workspace ONE, a digital workspace platform powered by VMware AirWatch UEM Technology, will enable customers to unify Chrome devices management alongside other endpoints, and that too, from a single console. Starting from out-of-the box on-boarding, configuration and policies, provisioning apps, auditing and tracking; all the way to end device wipe, IT can secure and enable Chrome devices using a simplified approach. Google views this announcement as a step to deliver a seamless deployment and management experience, making Chrome devices available across more teams.
Last Close Stock Review
VMware's share price finished yesterday's trading session at $100.83, marginally advancing 0.44%. A total volume of 1.91 million shares have exchanged hands, which was higher than the 3-month average volume of 1.71 million shares. The Company's stock price soared 4.20% in the last three months, 10.79% in the past six months, and 35.00% in the previous twelve months. Additionally, the stock surged 28.07% since the start of the year. Shares of the Company have a PE ratio of 33.78 and currently have a market cap of $40.97 billion.
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