The London Stock Exchange Group (LSEG) has renewed its contract with Broadcom, enabling it to continue using VMware cloud services for another five years.

LSEG has been using VMware for more than a decade, including to support its private cloud platform, which underpins some of LSEG’s IT infrastructure.

Under the new agreement, Broadcom will provide professional services to LSEG to roll out VMware Cloud Foundation 9 across its environments.

“Extending our use of VMware Cloud Foundation supports an engineered private cloud for our operations, while giving us the flexibility to support new services and workloads as our technology needs evolve,” said Andrew Knight, CIO, infrastructure and cloud, LSEG.

“LSEG operates important market infrastructure, where reliability and performance really matter,” said Luigi Freguia, president, EMEA Sales, Broadcom. “This new five-year agreement reflects the Group’s confidence in VMware Cloud Foundation to support those demands, providing a secure and resilient platform that can evolve as market needs change.”

LSEG has a hybrid multi-cloud strategy. In March 2026, the stock exchange signed a multi-year agreement with Dell Technologies for its on-prem infrastructure. Its a known customer of AWS, having expanded its use of Amazon’s cloud platform in 2025, and has a longstanding relationship with Microsoft. In 2022, Microsoft acquired a stake in LSEG which, in return, saw LSEG agree to use Microsoft’s cloud capabilities as part of a 10-year partnership.

LSEG was previously based at a fully owned and operated City of London data center, but was said to be migrating to a Telehouse facility in London in 2023. Despite this, the stock exchange still states on its website that it offers exchange hosting from the City of London data center, which serves the London Stock Exchange, Turquoise, and Turquoise Europe trading venues.

Broadcom acquired VMware in November 2023 for $69 billion. Since then, however, VMware license prices have skyrocketed, leading to many companies looking to migrate elsewhere where possible, and also significant criticism from the industry at large.

The Cloud Infrastructure Service Providers in Europe (CISPE) has filed two complaints against Broadcom, the latest in March 2026, due to what it says are unfair licensing terms. The latest complaint states: “This came on top of price hikes, bundling and demands for up-front payments and minimum commitments based on potential rather than actual usage – which cumulatively have increased costs by more than 1,000 percent.”

NHS board migrates from VMware to Nutanix

While a smaller customer perhaps than LSEG, this week the UK’s National Health Service North East London Integrated Care Board (NEL ICB) announced that it has exited a legacy NetApp and VMware infrastructure solution, migrating instead to a Nutanix Cloud Infrastructure-based private cloud platform.

According to the NEL ICB, this has enabled the board to reduce costs, simplify administration, and improve its operational efficiency.

Formed in 2022, NEL ICB had a legacy environment using NetApp storage and VMware software, with two data centers that had “significant rack space and power consumption requirements.”

In total, it had a footprint of 22 NetApp nodes. Since migrating, it has eight Nutanix nodes.

Phil Cook, senior infrastructure manager, NEL ICB, said: “We built a business case to bring in Nutanix to transform and move our virtualized estate from VMware to AHV. There was a lot of cost saving to be had and operational overhead to remove. It had been a nightmare to manage, and we wanted to move to a ‘single pane of glass’ for easier management, reduced overhead, and simplified licensing.”

Cook went on to suggest that the NHS actually benefitted from Broadcom’s acquisition of VMware, as the change in product availability and pricing that came with it “validated that everything we had done [migrating away] was on the right path, and it saved us money.”