RPT-UPDATE 3-VMware to buy mobile security firm AirWatch for $1.54 bln

Wed Jan 22, 2014 3:55pm EST
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* VMware 4th-qtr, 1st-qtr revenue forecast beats analysts' estimates

* AirWatch to add $75 mln rev in 2014; add to adj profit in late 2015

* Deal a threat to BlackBerry: analysts

* Competitors could look for acquisitions also: analysts

* VMware shares rise 2.5 pct

By Soham Chatterjee and Neha Alawadhi

Jan 22 (Reuters) - Cloud software maker VMware Inc said it would buy privately held mobile security company AirWatch for $1.54 billion to tap into rising demand from companies to secure the smartphones and tablets used by employees.

While some analysts view the deal as a threat to BlackBerry Ltd , which has long been the go-to for companies looking for security products, others say the deal could spur more acquisitions in the mobile security market.   Continued...