The Daily Buyout
UndisclosedDivestiture / carve-outTechnologyCompleted

Expedient acquires phoenixNAP's U.S. managed VMware cloud business

Pittsburgh-based Expedient acquired the U.S. managed VMware cloud business and Veeam-based DRaaS business of Phoenix-based phoenixNAP, serving clients from facilities in Phoenix and Ashburn, Virginia. The deal comes as Broadcom consolidates its VMware Cloud Service Provider program. Terms were not disclosed.

Why it matters: phoenixNAP's VMware provider contract ends in March 2027 as Broadcom consolidates its VCSP program.

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