Broadcom has moved forward with plans to transition VMware, a virtualization and cloud computing company, into a subscription-based business.
However, in May, soon after announcing its plans to acquire VMware, Broadcom CEO Hock Tan signaled a “rapid transition” to subscriptions.
For years, software and even hardware vendors and investors have been pushing IT solution provider partners and customers toward recurring revenue models.
VMware’s blog this week listed “continuous innovation” and “faster time to value” as customer benefits for subscription models but didn’t detail how it came to those conclusions.
A CRN report in late November pointed to VMware partners hearing customer concern about potential price raises and a lack of support.
Howdyshell, CEO of Advizex, which reportedly made $30 million in VMware-tied revenue in 2022, told the publication that partners and customers were experiencing "significant concern and chaos” around VMware sales.
The original article contains 711 words, the summary contains 141 words. Saved 80%. I’m a bot and I’m open source!
This is the best summary I could come up with:
Broadcom has moved forward with plans to transition VMware, a virtualization and cloud computing company, into a subscription-based business.
However, in May, soon after announcing its plans to acquire VMware, Broadcom CEO Hock Tan signaled a “rapid transition” to subscriptions.
For years, software and even hardware vendors and investors have been pushing IT solution provider partners and customers toward recurring revenue models.
VMware’s blog this week listed “continuous innovation” and “faster time to value” as customer benefits for subscription models but didn’t detail how it came to those conclusions.
A CRN report in late November pointed to VMware partners hearing customer concern about potential price raises and a lack of support.
Howdyshell, CEO of Advizex, which reportedly made $30 million in VMware-tied revenue in 2022, told the publication that partners and customers were experiencing "significant concern and chaos” around VMware sales.
The original article contains 711 words, the summary contains 141 words. Saved 80%. I’m a bot and I’m open source!