Broadcom and T-Systems Deepen Partnership, Boosting VMware Cloud Capabilities
Broadcom Inc. (AVGO) has announced a significant expansion of its long-term partnership with T-Systems, a subsidiary of Deutsche Telekom AG (DTEGY). This strategic move sees T-Systems achieve Pinnacle tier status within Broadcom’s VMware Cloud Service Provider program. This elevation reflects T-Systems’ remarkable expertise and consistent track record in driving global sales and services, making them a valuable partner for Broadcom.
The Pinnacle tier recognition underscores T-Systems’ prowess in delivering innovative solutions and driving business growth. This enhanced partnership will enable T-Systems to collaborate even more closely with Broadcom, empowering both companies to deliver comprehensive and tailored solutions to address the evolving needs of customers. By leveraging their combined strengths, they aim to tackle complex challenges and facilitate the seamless adoption of advanced digital technologies.
Hock Tan, President and CEO of Broadcom, highlighted the importance of this collaboration, stating, “Broadcom will continue its close collaboration with T-Systems, one of our most valued partners, to accelerate our mutual customers’ infrastructure modernization, AI adoption, and cyber resilience while also supporting their needs with sovereign cloud services that enable data residency and other jurisdictional controls.” This statement underscores the strategic significance of the partnership, focusing on critical areas like infrastructure modernization, AI adoption, and cyber security, all vital aspects of a digital transformation journey.
The long-standing relationship between T-Systems and VMware, now part of Broadcom, spans over two decades. This deep-rooted collaboration ensures a seamless integration of services and solutions. Ferri Abolhassan, CEO of T-Systems and board member of Deutsche Telekom, emphasized the importance of this partnership in the context of their multi-cloud strategy, stating, “The partnership with Broadcom is an important component of our multi-cloud strategy. Complemented by our Hyperscaler solutions, we can provide our customers exactly what they need. Always and worldwide.” This statement reinforces T-Systems’ commitment to providing flexible and scalable cloud solutions to meet the diverse needs of their customer base.
This news comes on the heels of Broadcom’s recent announcement regarding the general availability of the BCM68660 and BCM55050 silicon 50G PON Optical Line Terminal-Optical Network devices. These advancements further solidify Broadcom’s position as a leading innovator in the technology sector.
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Price Action:
AVGO shares were down 3.89% at $175.22 at the last check on Tuesday. This price movement reflects market sentiment and investor expectations surrounding the company’s performance and future prospects.
This partnership between Broadcom and T-Systems signifies a strategic alliance aimed at empowering businesses with cutting-edge technology solutions to navigate the evolving digital landscape.