Barclays Signs Strategic Portfolio License Agreement with Broadcom
19 Février 2019 - 3:00PM
Broadcom Inc. (NASDAQ: AVGO) today announced that Barclays, one of
the world’s largest transatlantic consumer and wholesale banks, has
signed a strategic agreement as a Portfolio License Agreement (PLA)
customer, enabling them to drive significant savings with state of
the art technology to transform their digital infrastructure.
Broadcom PLA is a new offering designed to reduce complexity, while
providing maximum choice and flexibility, to enterprise customers
who are looking for a simplified way to purchase, deploy and manage
their digital enterprise software solutions. Barclays selected PLA
to help support a multi-year, cross-organizational initiative to
streamline its IT operations, while reducing complexity and cost,
in order to speed time to market for value-added customer
applications.
Traditionally, enterprise software is purchased and consumed
either as single, static purchase by the customer on a perpetual or
Software-as-a-Service (SaaS) license basis. While both approaches
have been employed for a number of years, they present certain
challenges that hinder business progress and stifle innovation,
such as the inability to employ new technologies with minimal risk
and a lack of consolidation of IT resources. Because of this,
modern enterprises are increasingly looking towards
everything-as-a-service (XaaS) and flexible consumption models to
help them advance in today’s hyper-competitive marketplace. Recent
studies also show that organizations are employing XaaS to help
support digital transformation initiatives and adopt agile
practices, which helps to drive faster development cycles that
leads to continued innovation. According to a report published in
2018 by Deloitte Insights, “…Eight in 10 companies report that XaaS
gives them quicker access to the latest technologies and innovative
capabilities.”1
Covering a broad set of solutions within Broadcom’s Enterprise
Software Division, the PLA was developed to directly address
customers’ most pressing challenges, including cumbersome license
management and renewal processes, as well as stringent compliance
and security requirements.
“As a transatlantic consumer and wholesale bank, with global
reach that offers a wide range of products and services, Barclays
is at the forefront of technology, especially when it comes to
deploying applications internally to provide the services our
customers expect,” said Mark Ashton-Rigby, Group Chief Information
Officer, Barclays. “Having the ability to access Broadcom’s
industry-leading Enterprise Software portfolio provides us with the
flexibility and predictability we need to deliver on our digital
transformation initiatives.”
Broadcom’s PLA is a simplified, scalable, flexible approach that
gives customers the opportunity to leverage trusted, robust,
full-stack software solutions from Broadcom spanning the entire
software development lifecycle from Business and Agile Management
to Intelligent Automation and AI-driven operations, with
enterprise-scale Continuous Testing and Security.
The Broadcom PLA delivers a number of customer benefits,
including:
- Predictable annual costs, even if usage expands
- Lower overall costs for a full spectrum of enterprise software
solutions
- Simplified maintenance, upgrade and renewal processes
“Broadcom’s PLA speaks directly to our goal of modernizing IT
and helping our customers get the most out of their technology
investments,” said Hock Tan, President and Chief Executive Officer,
Broadcom Inc. “We heard from our customers loud and clear and set
out to create an offering that alleviates the challenges associated
with the traditional software consumption model. I’m excited about
the potential for our PLA to shake up the software status quo and
enable customers to be more nimble and efficient with the solutions
they use.”
The Broadcom PLA is available now to strategic accounts
worldwide. For more information on Broadcom PLA, please contact
your regional Broadcom sales representative.
About BroadcomBroadcom Inc. (NASDAQ:AVGO) is a
global technology leader that designs, develops and supplies a
broad range of semiconductor and infrastructure software solutions.
Broadcom’s category-leading product portfolio serves critical
markets including data center, networking, software, broadband,
wireless, storage and industrial. For more information, go to
www.broadcom.com.
Broadcom, the pulse logo, Connecting everything, and Avago
Technologies are among the trademarks of Broadcom. The term
"Broadcom" refers to Broadcom Inc., and/or its subsidiaries.
Other trademarks are the property of their respective owners.
1Crossan, G., Hupfer, S., Loucks, J., & Srinivasan, G.
(2018) Accelerating agility with XaaS. Retrieved from the Deloitte
Insights Website:
https://www2.deloitte.com/insights/us/en/industry/telecommunications/everything-as-a-service-xaas-flexible-consumption-models.html
Press Contact: Jennifer MiuBroadcom
Inc.press.relations@broadcom.com408-433-7848
Broadcom (NASDAQ:AVGO)
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