03:58 AM EDT, 09/17/2025 (MT Newswires) -- Broadcom ( AVGO ) and Lloyds Banking Group said Wednesday they have signed a new multi-year agreement to advance Lloyds' strategic technology transformation, expanding on their existing partnership.

Under the expanded deal, the companies said Lloyds will increase its use of Broadcom's ( AVGO ) infrastructure software, including VMware Cloud Foundation and mainframe solutions, to enhance the resilience, agility, and scalability of its IT systems.

Lloyds will deploy VMware Cloud Foundation to consolidate data centers and establish a unified private cloud environment, combining the flexibility of public cloud with the control and efficiency of on-premises infrastructure, they added.

Broadcom ( AVGO ) will also provide training and professional services to Lloyds' engineering teams to help reduce costs and improve IT performance, according to the two companies.