Shavlik Technologies Acquired by CA Company
New Brighton-based IT management solutions provider Shavlik Technologies, LLC, has entered into an agreement to be acquired by Palo Alto, California-based VMware, Inc.
Terms of the agreement, which is subject to customary closing conditions and expected to close during this quarter, were not disclosed.
Shavlik Technologies provides cloud-based IT management solutions for small- and medium-sized businesses. The company was founded by President and CEO Mark Shavlik in 1993 and has more than 10,000 customers.
Jennifer Meyer, director of communications at Shavlik Technologies, said Tuesday that the company's headquarters office in New Brighton will remain open once the acquisition closes. She also said that “a majority” of the company's employees are expected to be retained.
A Tuesday morning phone call to a VMware representative to confirm those plans was not immediately returned.
Meyer wouldn't disclose financial information or employee figures for the company, but information provided to Twin Cities Business in March by a company representative indicates that Shavlik Technologies has about 125 employees and annual revenues of more than $5 million.
Shavlik Technologies and VMware have collaborated in the past on VMware GO, a joint software-as-a-service (SaaS) offering for small- and medium-sized businesses.
“It is an exciting time for us to be joining VMware as it builds on our expertise in delivering IT solutions to [small- and medium-sized businesses], an area we have been dedicated to for many years,” Shavlik said in a statement. “The enthusiasm, creativity, and operational excellence of our two companies will allow us to better serve our global customers and partners by accelerating IT management innovations.”
VMware was founded in 1998 and specializes in virtualization and cloud infrastructure solutions. The company has about 9,000 employees, and its annual revenue exceeds $2.8 billion.