VMWare To Buy Mobile Security Firm AirWatch In $1.54 Billion Deal

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.

REUTERS