Lloyds Banking Group Extends Strategic Partnership with Broadcom to Accelerate Digital Transformation
Broadcom (NASDAQ: AVGO) and Lloyds Banking Group have announced a significant expansion of their strategic partnership through a new multi-year agreement. The collaboration focuses on enhancing Lloyds' digital infrastructure using Broadcom's software portfolio, including VMware Cloud Foundation and mainframe solutions.
The partnership aims to strengthen Lloyds' position as the UK's largest digital bank, serving 28 million customers. The implementation includes deploying VMware Cloud Foundation for data centre consolidation, providing a unified private cloud environment that combines public cloud flexibility with on-premises benefits. Broadcom will also provide professional services and training to support the transformation.
Broadcom (NASDAQ: AVGO) e Lloyds Banking Group hanno annunciato una significativa espansione della loro partnership strategica tramite un nuovo accordo pluriennale. La collaborazione si concentra sul potenziamento dell'infrastruttura digitale di Lloyds utilizzando il portfolio software di Broadcom, tra cui VMware Cloud Foundation e soluzioni mainframe.
La partnership mira a consolidare la posizione di Lloyds come la più grande banca digitale del Regno Unito, servendo 28 milioni di clienti. L'implementazione prevede il dispiegamento di VMware Cloud Foundation per la consolidazione del data center, offrendo un ambiente di cloud privato unificato che combina la flessibilità del cloud pubblico con i benefici on-premises. Broadcom fornirà inoltre servizi professionali e formazione per supportare la trasformazione.
Broadcom (NASDAQ: AVGO) y Lloyds Banking Group han anunciado una expansión significativa de su asociación estratégica mediante un nuevo acuerdo multianual. La colaboración se centra en mejorar la infraestructura digital de Lloyds utilizando el portafolio de software de Broadcom, incluyendo VMware Cloud Foundation y soluciones mainframe.
La asociación tiene como objetivo fortalecer la posición de Lloyds como el banco digital más grande del Reino Unido, sirviendo 28 millones de clientes. La implementación incluye desplegar VMware Cloud Foundation para la consolidación de centros de datos, proporcionando un entorno de nube privada unificado que combine la flexibilidad de la nube pública con los beneficios on-premises. Broadcom también proporcionará servicios profesionales y capacitación para respaldar la transformación.
Broadcom(나스닥: AVGO)와 Lloyds Banking Group은 새로운 다년 계약을 통한 전략적 파트너십의 중요한 확장을 발표했습니다. 협력은 VMware Cloud Foundation 및 메인프레임 솔루션을 포함한 Broadcom의 소프트웨어 포트폴리오를 활용하여 Lloyds의 디지털 인프라를 강화하는 데 중점을 둡니다.
파트너십은 Lloyds를 영국 최대의 디지털 은행으로서의 입지를 강화하는 것을 목표로 하며, 2,800만 명의 고객에게 서비스를 제공합니다. 구현에는 데이터 센터 통합을 위한 VMware Cloud Foundation의 배치를 포함하여, 공용 클라우드의 유연성과 온프레미스의 이점을 결합한 통합 프라이빗 클라우드 환경을 제공합니다. Broadcom은 또한 전환을 지원하기 위해 전문 서비스와 교육을 제공할 예정입니다.
Broadcom (NASDAQ : AVGO) et Lloyds Banking Group ont annoncé une expansion significative de leur partenariat stratégique grâce à un nouvel accord pluriannuel. La collaboration vise à renforcer l'infrastructure numérique de Lloyds en utilisant le portefeuille logiciel de Broadcom, y compris VMware Cloud Foundation et les solutions mainframe.
Le partenariat a pour objectif de renforcer la position de Lloyds en tant que plus grande banque numérique du Royaume-Uni, servant 28 millions de clients. La mise en œuvre comprend le déploiement de VMware Cloud Foundation pour la consolidation du data center, offrant un environnement cloud privé unifié qui combine la flexibilité du cloud public avec les avantages on-premises. Broadcom fournira également des services professionnels et de la formation pour soutenir la transformation.
Broadcom (NASDAQ: AVGO) und die Lloyds Banking Group haben eine bedeutende Erweiterung ihrer strategischen Partnerschaft durch eine neue Mehrjahresvereinbarung angekündigt. Die Zusammenarbeit konzentriert sich darauf, die digitale Infrastruktur von Lloyds unter Verwendung von Broadcoms Software-Portfolio, einschließlich VMware Cloud Foundation und Mainframe-Lösungen, zu verbessern.
Ziel der Partnerschaft ist es, Lloyds als die größte digitale Bank des Vereinigten Königreichs zu stärken und 28 Millionen Kunden zu bedienen. Die Implementierung umfasst die Bereitstellung von VMware Cloud Foundation zur Konsolidierung von Rechenzentren und bietet eine einheitliche private Cloud-Umgebung, die die Flexibilität der Public Cloud mit den Vorteilen von On-Premises verbindet. Broadcom wird zudem Professional Services und Schulungen zur Unterstützung der Transformation bereitstellen.
Broadcom (بورصة ناسداك: AVGO) و Lloyds Banking Group أعلنوا عن توسيع كبير في شراكتهما الاستراتيجية من خلال اتفاقية طويلة الأمد جديدة. يركز التعاون على تعزيز البنية التحتية الرقمية لـ Lloyds باستخدام محفظة البرمجيات من Broadcom، بما في ذلك VMware Cloud Foundation وحلول النظام الأساسي الرئيسي.
تهدف الشراكة إلى تعزيز موقع Lloyds كبنك رقمي الأكبر في المملكة المتحدة،خدمة 28 مليون عميل. تشمل التنفيذات نشر VMware Cloud Foundation من أجل دمج مراكز البيانات، وتوفير بيئة سحابة خاصة موحدة تجمع بين مرونة السحابة العامة وفوائد المحطة المحلية. كما ستوفر Broadcom الخدمات المهنية والتدريب لدعم التحول.
Broadcom（纳斯达克：AVGO） 与劳埃德银行集团宣布通过新的多年期协议进一步扩大战略伙伴关系。此合作专注于利用 Broadcom 的软件组合（包括 VMware Cloud Foundation 和主机系统解决方案）来提升劳埃德的数字基础设施。
该伙伴关系旨在巩固劳埃德作为英国最大的数字银行的地位，服务于 2800万名客户。实施内容包括部署 VMware Cloud Foundation 以实现数据中心整合，提供一个统一的私有云环境，结合公有云的灵活性与本地部署的优势。Broadcom 还将提供专业服务和培训以支持转型。
- Strategic partnership expansion strengthens Broadcom's position in the financial services sector
- Access to 28 million UK banking customers through Lloyds Banking Group
- Provides recurring revenue through multi-year agreement
- Expansion of VMware Cloud Foundation deployment represents new growth opportunity
- Significant resources required for implementation and training
- Complex integration process with existing systems may pose execution risks
Insights
Broadcom's expanded partnership with Lloyds Banking Group strengthens its enterprise foothold and diversifies revenue streams beyond chips.
Broadcom's multi-year agreement with Lloyds Banking Group represents a significant enterprise win for the company's software portfolio, particularly following its
The partnership centers on two key product lines: VMware Cloud Foundation for private cloud infrastructure and Broadcom's mainframe solutions. For Lloyds—serving 28 million customers as the UK's largest digital bank—this technology stack will enable a hybrid approach that maintains mainframe reliability while adding cloud flexibility.
What's particularly valuable is the multi-year nature of this agreement, providing Broadcom with predictable, recurring revenue streams. The deal includes professional services and training components, further expanding Broadcom's footprint within Lloyds' operations beyond just software licensing.
The timing aligns with Broadcom's post-VMware acquisition strategy of securing large enterprise commitments. By enabling Lloyds' data center consolidation through VMware Cloud Foundation, Broadcom demonstrates the cross-selling potential between its mainframe business and newly acquired VMware products—precisely the type of synergy that justified the massive VMware acquisition.
This partnership validates Broadcom's enterprise software strategy at a time when its semiconductor business faces cyclical pressures. The agreement showcases how Broadcom's software portfolio can address complex infrastructure modernization needs while maintaining legacy systems—a compelling proposition for large financial institutions balancing innovation with stability.
New Long-Term Agreement Will Transform Lloyds Banking Group's Infrastructure with New Private Cloud Environment and Mainframe Solutions for Digital Banking
LONDON, Sept. 17, 2025 (GLOBE NEWSWIRE) -- VMware Explore on Tour – Lloyds Banking Group and Broadcom Inc. (NASDAQ: AVGO) today announced a significant expansion of their long-standing partnership, underpinned by a new multi-year agreement that will support the delivery of the Group’s ambitious strategic transformation.
In the next phase of the partnership, Lloyds Banking Group will deepen its use of Broadcom’s infrastructure software portfolio, including VMware Cloud Foundation and mainframe solutions, to enhance the resilience, agility and scalability of its technology estate.
This will enable the Group to deliver faster, more reliable digital services to the 28 million customers and businesses it supports across the UK.
“Upgrading our infrastructure allows us to continue to provide fast and reliable digital banking for our customers, whether they’re making payments, applying for a loan, or checking their balance,” said Ron van Kemenade, Group Chief Operating Officer at Lloyds Banking Group. “It means our customers get a first-class service today, with a platform that can easily scale and support new products and innovations in the future.”
“Broadcom’s strategic partnership with Lloyds Banking Group has been strengthened by the addition of VMware into our existing infrastructure software portfolio, which includes our mainframe solutions,” said Luigi Freguia, President, EMEA, Broadcom. “This promotes our goal to empower Lloyds Banking Group to transform their infrastructure and solidify their leadership as the UK’s largest digital bank.”
Lloyds Banking Group will deploy VMware Cloud Foundation to support its data centre consolidation strategy. This will provide a consistent operating model across its private cloud environment, combining the flexibility of public cloud with the security, performance and cost-efficiency of on-premises infrastructure.
The platform will support traditional, modern and AI-driven applications with unified operations, governance and controls. Broadcom will also deliver professional services and training to Lloyds’ engineering teams to maximise the value of the deployment.
Broadcom’s mainframe solutions will continue to underpin Lloyds’ mission-critical workloads, offering advanced automation, intuitive tooling and seamless integration into hybrid environments. These capabilities will help reduce operational costs, improve performance and foster a more agile, collaborative culture across IT teams, supporting continuous delivery of essential digital services.
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.
About Lloyds Banking Group
Lloyds Banking Group is the largest UK retail and commercial financial services provider with over 28 million customers and a presence in nearly every community. We are proud to support British businesses, with nearing one million UK businesses supported by our leading digital and relationship banking services. Our main business activities include retail and commercial banking, general insurance and long-term savings, provided through well recognized brands including Lloyds, Halifax, Bank of Scotland and Scottish Widows.
Our purpose is Helping Britain Prosper. We have served Britain through our products and services for more than 320 years, across every community, and millions of households. Our success is interwoven with the UK's prosperity, and we aim to help Britain prosper by operating as a responsible, sustainable and inclusive Group.
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 Fortier
Broadcom
+1.408.348.1569
roger.fortier@broadcom.com
Eloy Ontiveros
Broadcom Global Communications
+1.650.427.6145
eloy.ontiveros@broadcom.com
Sam Boden
Lloyds Banking Group Media Relations
+0.786.867.5107
samuel.boden@lloydsbanking.com
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