The deal could value SAS Institute at between $15bn and $20bn


Broadcom Inc. headquarters in San Jose, California. (Credit: Coolcaesar/Wikipedia)

Hardware and software infrastructure provider Broadcom is reportedly in discussions to acquire US-based analytics software developer SAS Institute.

The deal, which could value SAS between $15bn and $20bn, is expected to be finalised in the coming weeks assuming the talks don’t fall apart, reported by The Wall Street Journal, citing people familiar with the matter.

SAS was established in 1976 by North Carolina State University graduate students James Goodnight and John Sall, who still lead the company.

Based in Cary, North Carolina, the company is engaged in the development and marketing of a suite of analytics software, which helps access, manage, analyse and report on data to help in making decisions.

According to its website, SAS currently has 12,545 employees and customers in 145 countries. The company claims that its software is installed at more than 82,000 business, government and university sites. SAS reported revenue of $3bn in 2020.

Broadcom is seeking more deals since former President Donald Trump rejected its quest to acquire Qualcomm in 2018, citing security risks.

The latest potential deal follows Broadcom’s acquisition of cybersecurity software developer Symantec Enterprise for $10.7bn in November 2019.

The company bought infrastructure software firm CA Technologies for $18.9bn in November 2018. It also bought network systems manufacturer Brocade Communications Systems for $5.5bn in 2017.

Broadcom is a designer, developer, manufacturer and supplier of a wide range of semiconductor and infrastructure software products.

Its products serve the data centre, networking, software, broadband, wireless, and storage and industrial markets.