VMware Customers Face Steep Price Hikes Post-Broadcom Acquisition: Key insights from Business Insider
A recent Business Insider article shed light on the growing concerns among VMware customers who have experienced substantial price increases since Broadcom’s acquisition of VMware. Customers report feeling trapped by these sudden cost increases, with some seeing prices soar by as much as 10 times for the same services.
Craig Hinckley, CEO of CloudBolt, aptly described the situation, stating, “The Broadcom banquet is, ‘eat what you like, pay for it all.’ Customers say we don’t want the banquet. We don’t want it all.”
CloudBolt’s recent survey of 300 IT decision-makers revealed that 73% anticipated a price hike of at least 100%, with 95% acknowledging the acquisition’s disruptive impact on their IT strategy. Hinckley noted that some companies are being financially “starved,” making it difficult to launch new projects while they cope with these increased costs.
These significant changes have left many VMware customers reassessing their IT strategies. To dive deeper into how these price hikes are affecting the industry, read the full article on Business Insider.
Read the full article on Business Insider here (subscription may be required).
