Since we announced our updated VMware product offerings in December 2023, we have been engaging with our customers and partners about the value and flexibility VMware Cloud Foundation (VCF) provides, helping our customers get to a modernized, resilient, and secure data center. Many of our 10,000 largest customers see adoption of VCF as an alternative to a public cloud, and I am happy to report theres been great progress as they move forward in their journey to a self-service, virtual private cloud solution that offers them at least the same ease of use and resiliency they experience with the hyperscalers, but in their own data centers.
The start of our customers journey to achieve a true private cloud experience is the continuation of our own journey to invest in making VCF the best option for enterprises who want to keep control over their workloads by keeping them on-prem, while giving them the choice and flexibility on using our solutions in public cloud as well. We have done this by sharpening the companys focus into modernizing some 8,000 disparate and confusing SKUs into four core offerings, led by VCF.
As for customers who are still considering their next steps, they can do so with the peace of mind that comes from knowing their existing active support and subscription contracts will continue to be honored, and we will assist them in choosing the solution or tool that makes the most sense for their environments and desire to modernize their data centers. Also, as I have said previously, through our engagements with them, we are committed to providing as much information as possible and answering questions as they arise. With that in mind, I want to provide answers to key questions about our product offerings and the routes to market.
This combination of customer choice among our product offerings, flexible subscription length, price, and payment flexibility within our per-core subscription model highlight Broadcoms commitment to our customers. These, together with other features we have previously highlighted, enable enterprises and organizations to optimize their IT investments according to their unique business transformation journey.
By simplifying both our product offerings and customer choice, our customers route to market is less confusing and much more efficient.
When we acquired VMware last November, we sought to conclude one journey simplifying VMwares Go-to-Market approach and modernizing the focus of its product offerings. Going forward, our goal is to enable our customers and partners to be laser-focused on deploying the best and most innovative virtual self-service private cloud solution in the market.
About Hock Tan:
Broadcom
Hock Tan is Broadcom President, Chief Executive Officer and Director. He has held this position since March 2006. From September 2005 to January 2008, he served as chairman of the board of Integrated Device Technology. Prior to becoming chairman of IDT, Mr. Tan was the President and Chief Executive Officer of Integrated Circuit Systems from June 1999 to September 2005. Prior to ICS, Mr. Tan was Vice President of Finance with Commodore International from 1992 to 1994, and previously held senior management positions with PepsiCo and General Motors. Mr. Tan served as managing directorof Pacven Investment, a venture capital fund in Singapore from 1988 to 1992, and served as managing director for Hume Industries in Malaysia from 1983 to 1988.
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The forward-looking customer journey continues - CIO
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