Broadcom Wins Five-Year Renewal to Deploy VMware Cloud Foundation 9 at LSEG
Broadcom secured a five-year renewal with LSEG to deploy VMware Cloud Foundation 9 across LSEG’s private cloud, including professional services to roll out infrastructure software solutions. The agreement is projected to bolster Broadcom’s recurring software revenue stream and enhance operational efficiency, security, and automation across LSEG’s regulated infrastructure.
1. Five-Year Agreement Extension
Broadcom and LSEG have signed a five-year renewal agreement, expanding LSEG’s use of VMware Cloud Foundation across its private cloud infrastructure. This deal builds on over a decade of VMware software adoption by LSEG and secures extended software licensing revenue for Broadcom through 2031.
2. Deployment of VMware Cloud Foundation 9
Under the new terms, Broadcom will deploy VMware Cloud Foundation 9 to create a consistent private cloud platform capable of supporting diverse workloads across traditional and modern applications. The scope includes professional services for implementation, configuration, and ongoing support tailored to LSEG’s highly regulated environment.
3. Impact on Broadcom’s Revenue and Services
The contract extension is expected to bolster Broadcom’s recurring software revenue streams and professional services bookings while enhancing operational efficiency, security, and automation for LSEG. By reinforcing its position in financial market infrastructure, Broadcom strengthens its strategic footprint in the enterprise software and cloud market.