Broadcom's (AVGO) Latest PLA To Aid Barclays Digital Overhaul
Zacks Investment Research | Feb 19, 2019 09:00PM ET
Broadcom’s (NASDAQ:AVGO) latest Portfolio License Agreement (“PLA”) solution was recently selected by Barclays (LON:BARC) in a bid to accelerate its digital transformation initiatives.
Notably, Broadcom introduced the new PLA solution with an aim to provide enterprise customers with streamlined IT software management, renewal, compliance and security processes.
The PLA solution adopts an innovative, simplified and cost-effective Everything-as-a-Service (“XAAS”) approach over the Software-as-a-Service (SaaS) licensing model. This enables the enterprise customers to leverage end-to-end software development solutions and increased flexibility facilitating faster time to market.
Per the terms of the multi-year PLA, Barclays attempts to bolster “significant savings” by reducing costs and complexities involved in IT processes.
We believe Broadcom’s latest PLA offering’s innovative features position it well to witness incremental adoption from notable enterprises, going ahead.
Notably, shares of Broadcom have returned 17% in the past year outperforming the Original post
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