Broadcom (AVGO) announced that Barclays (BCS) has signed a strategic agreement as a portfolio license agreement, or PLA, customer, enabling them to drive savings with technology to transform their digital infrastructure. Broadcom PLA is a new offering designed to reduce complexity, while providing choice and flexibility, to enterprise customers who are looking for a simplified way to purchase, deploy and manage their digital enterprise software solutions. Barclays selected PLA to help support a multi-year, cross-organizational initiative to streamline its IT operations, while reducing complexity and cost, in order to speed time to market for value-added customer applications. Covering a broad set of solutions within Broadcom's enterprise software division, the PLA was developed to directly address customers' most pressing challenges, including cumbersome license management and renewal processes, as well as stringent compliance and security requirements.