New Solution from VMware (VMW) to Help Secure Multi-Cloud

New Solution from VMware (VMW) to Help Secure Multi-Cloud

vmware VMW recently launched Contexa, a threat intelligence cloud that uncovers lateral network traffic. The new technology will be available in all of its security offerings for new and existing customers.

Side network detection is essential to protect data in cloud infrastructure. Lateral movement is a technology often used by cyber attackers to delve into a network after initial access has been gained, and it remains undiscovered for months or even years.

vmware claim (it is that Contexa, which is an amalgamation of all its different intelligence clouds, is more likely to discover lateral network traffic than current security information and event management (SIEM) and extended detection and response (XDR) solutions.

VMWare operates across multiple clouds, giving you access to raw data unlike SIEM or XDR and helping VMware Contexa monitor its private, public, and hybrid clouds through VMware NSX, VMware Workspace, and Carbon Black.

VMware, Inc. Price and Consensus

VMware, Inc. Price and Consensus

Consensus price chart for VMware, Inc. | VMware, Inc. listing

Product portfolio expansion to boost top line

VMware has been constantly undertaking initiatives to diversify its product portfolio to include most aspects of the global IT infrastructure.

As such, VMware’s launch of new solutions such as Contexa, along with enhancements to its Workspace One and Modern Application Connectivity services, are expected to drive long-term revenue.

Companies like wipro limited WIT is expected to benefit significantly from the launch of the new Contexa analytics technology.

Wipro recently expanded its collaboration with VMware to help customers move data to the cloud at reduced cost and operate on a multi-cloud infrastructure.

With the recent launch of Contexa, customers using Wipro FullStride cloud services in collaboration with VMware Cross-Cloud Services will be able to take advantage of its security services at no additional cost and protect data while operating in a multi-cloud architecture.

To cover most aspects of IT infrastructure, VMware has been creating strategic alliances with companies, including Amazonfrom AMZN AWS ​​and Dell Technologies DELL, to provide various services.

VMware and AWS have expanded their partnership, now allowing the latter to resell VMware Cloud on its platform. VMware Cloud on AWS is now available in more than 17 regions globally.

Dell has been promoting VMware’s Carbon Black Cloud solutions, along with Dell Trusted Devices and Secureworks, as the preferred endpoint security solution for its business customers.

The partnership with Dell is driving VMware’s storage and availability business in the SDDC segment.

VMware, currently ranked #3 by Zacks (hold), reported FY2023 Q1 revenue of $3.09 billion, which improved 3.1% year-over-year. You can see Full list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Broadcom recently announced that the company will acquire all outstanding shares of VMware in a cash-and-stock transaction that values ​​VMware at approximately $61 billion.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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