ING Selects VMware Cloud Foundation 9.0 as Strategic Platform for Private Cloud Modernization

Rhea-AI Summary

Broadcom (NASDAQ: AVGO) and ING announced an extension of their strategic collaboration for ING to adopt VMware Cloud Foundation 9.0 (VCF 9) as its private cloud platform, dated December 2, 2025.

VCF 9 will be used to expand ING's VMware virtualized environment into a multi-region private cloud focused on workload mobility, operational consistency, security, data sovereignty, and faster time-to-market for digital banking services. Professional services will support design, implementation, and ongoing optimization alongside ING's global IT team.

News Market Reaction

-1.17%

1 alert

-1.17% News Effect

On the day this news was published, AVGO declined 1.17%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Software version: 9.0

1 metrics

Software version 9.0 VMware Cloud Foundation release adopted by ING

Market Reality Check

Price: $342.98 Vol: Relative volume at 1.32x ...

normal vol

$342.98 Last Close

Volume Relative volume at 1.32x with shares traded 32,043,885 vs 20-day average 24,282,164. normal

Technical Price $406.37 is trading above the 200-day MA of $278.19, near the $414.61 52-week high.

Peers on Argus

AVGO was up 1.64% while key peers were mixed: NVDA +0.38%, AMD +1.66%, TSM -0.15...

AVGO was up 1.64% while key peers were mixed: NVDA +0.38%, AMD +1.66%, TSM -0.15%, QCOM -0.06%, MU -1.17%, suggesting a stock-specific move tied to the ING–VCF 9 news.

Common Catalyst Some peers like AMD also reported AI and infrastructure collaborations, but price reactions and directions differed from AVGO, indicating company-specific drivers.

Historical Context

5 past events · Latest: Dec 02 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 02	Private cloud deal	Positive	-1.2%	ING adopts VMware Cloud Foundation 9.0 for multi-region private cloud modernization.
Nov 19	Product launch	Positive	+4.1%	Introduced Brocade Gen 8 128G SAN switch portfolio for critical and AI workloads.
Nov 18	Strategic partnership	Positive	-0.6%	Strengthened NEC partnership to drive modern private cloud via VMware Cloud Foundation.
Nov 12	Ecosystem expansion	Positive	+0.9%	Expanded VMware Cloud Foundation ecosystem with AI ReadyNodes and open networking focus.
Nov 11	Earnings timing	Neutral	-1.8%	Announced date and time for Q4 and FY 2025 financial results and outlook call.

Pattern Detected

Recent VMware Cloud Foundation and infrastructure announcements have produced mixed reactions, with both notable gains and modest sell-offs following broadly positive product and partnership news.

Recent Company History

Over the last few months, Broadcom has focused heavily on VMware Cloud Foundation and infrastructure leadership. On Nov 12, 2025 and Nov 18, 2025, it expanded the VCF ecosystem and deepened a private cloud partnership with NEC, while on Nov 19, 2025 it launched a quantum-safe 128G SAN switch portfolio. An earnings date notice on Dec 11, 2025 was also set. Today’s ING announcement extends this VCF 9 strategy into a major multinational financial institution, reinforcing Broadcom’s push into regulated, mission-critical private cloud environments.

Market Pulse Summary

This announcement highlighted Broadcom’s deepening role in financial services infrastructure as ING ...

Analysis

This announcement highlighted Broadcom’s deepening role in financial services infrastructure as ING selected VMware Cloud Foundation 9.0 to modernize its multi-region private cloud. It extends a string of VCF-focused ecosystem and partnership updates in November 2025, alongside a new quantum-safe 128G SAN switch portfolio. Investors following this story may watch how additional regulated institutions adopt VCF, upcoming Dec 11, 2025 earnings, and any further large-scale customer wins.

Key Terms

private cloud, cloud-native, workload mobility, data sovereignty

4 terms

private cloud technical

"update ING’s private cloud infrastructure"

A private cloud is a computing environment reserved for a single organization, where servers, storage and software are dedicated rather than shared with other companies. Think of it as a private utility or fenced yard for a business’s data and applications, offering greater control, security and customization. Investors watch private-cloud use because it affects costs, capital spending, regulatory risk and how quickly a company can scale or launch new products.

cloud-native technical

"a scalable, highly secure, and compliant cloud-native environment"

Cloud-native describes a way of creating and running applications that are designed specifically to operate smoothly on cloud computing platforms. Think of it as building a house with flexible, lightweight materials that can be easily moved, scaled, or adjusted as needed, rather than using rigid, traditional construction. For investors, it signifies technology that is more adaptable, efficient, and capable of quickly responding to changing market demands.

workload mobility technical

"designed for multi-region deployment and global workload mobility"

Workload mobility is the ability to move software applications, data and computing tasks easily between different servers, data centers or cloud providers without rebuilding them. For investors, it matters because it gives companies flexibility to cut costs, avoid being stuck with a single vendor, scale quickly and reduce operational risk — like moving furniture between homes instead of buying new pieces each time circumstances change.

data sovereignty regulatory

"meet the stringent security and data sovereignty requirements"

Data sovereignty is the principle that digital information is subject to the laws and control of the country or entity where it is stored or processed. For investors, it matters because where data lives affects a company's legal obligations, costs, ability to sell services across borders, and exposure to government access or restrictions — like owning a house that must follow the rules of the town it sits in.

AI-generated analysis. Not financial advice.

VMware Cloud Foundation to deliver unified, sovereign infrastructure supporting global workload mobility and digital transformation for the multinational financial institution

PALO ALTO, Calif., Dec. 02, 2025 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ: AVGO) and ING today announced the extension of the companies’ strategic collaboration to update ING’s private cloud infrastructure. This initiative will see ING adopt VMware Cloud Foundation 9.0 (VCF 9) as part of its private cloud strategy, supporting the company’s objective of digital service excellence across multiple regions.

As a multinational financial institution, ING requires a scalable, highly secure, and compliant cloud-native environment. The implementation of VCF 9 will expand upon ING’s existing VMware virtualized environment, enabling the company to build on a modern private cloud designed for multi-region deployment and global workload mobility. VCF will help ensure operational consistency while helping meet the stringent security and data sovereignty requirements of global financial services regulation.

ING will leverage the full-stack capabilities of VCF 9. Together, the VMware software portfolio will deliver a unified platform to help ING simplify its IT operations, reduce management overhead, and accelerate time-to-market for new digital banking products, with enhanced agility, security, and resilience. Professional services will support private cloud design, implementation, and ongoing optimization efforts alongside ING’s global IT team.

“As we continue to accelerate the pace of digital innovation across our global operations in an uncertain world, maintaining control over data locality and security is paramount,” said Daniele Tonella, Chief Technology Officer, ING. “VMware Cloud Foundation 9 will provide us with the unified, enterprise-grade private cloud platform necessary to achieve multi-region consistency, enhance workload mobility, and confidently meet the complex cloud sovereignty and compliance requirements that underpin our commitment to our customers.”

"Our expanded partnership with ING underscores VCF 9's transformative power for financial institutions,” said Hock Tan, President and CEO of Broadcom Inc. “VMware Cloud Foundation 9.0 offers a resilient, AI-ready foundation for modern private clouds, delivering cloud-like agility and efficiency. We are committed to supporting ING's modernization efforts to strengthen their global digital banking leadership."

About Broadcom
Broadcom Inc. (NASDAQ: AVGO) is a global technology leader that designs, develops, and supplies a broad range of semiconductor, enterprise software, and security solutions. Broadcom's category-leading product portfolio serves critical markets including cloud, data center, networking, broadband, wireless, storage, industrial, and enterprise software. Our solutions include service provider and enterprise networking and storage, mobile device and broadband connectivity, mainframe, cybersecurity, and private and hybrid cloud infrastructure. Broadcom is a Delaware corporation headquartered in Palo Alto, CA. For more information, go to www.broadcom.com.

Broadcom, the pulse logo, and Connecting Everything 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.

Media Contacts

Roger T. Fortier
Broadcom, Inc.
roger.fortier@broadcom.com
+1.408.348.1569

Eloy Ontiveros
Broadcom Global Communications
eloy.ontiveros@broadcom.com
+1.650.427.6145

FAQ

What did Broadcom and ING announce on December 2, 2025 about AVGO?

They announced an extension of their collaboration for ING to adopt VMware Cloud Foundation 9.0 for ING's private cloud.

How will VCF 9 affect ING's private cloud strategy and compliance?

VCF 9 is intended to provide a unified platform to support multi-region deployment, data sovereignty, and stricter security controls for regulatory compliance.

Will ING use third-party services for the VCF 9 implementation (AVGO)?

Yes; professional services will support private cloud design, implementation, and ongoing optimization alongside ING's global IT team.

What operational benefits did ING and Broadcom cite for adopting VCF 9 (AVGO)?

They cited simplified IT operations, reduced management overhead, improved agility, workload mobility, and faster time-to-market for new digital banking products.

Does the announcement state any financial terms or timelines for the AVGO-ING deployment?

No; the announcement does not disclose contract value, specific timelines, or quantified financial terms.