Pivotal Software
Pivotal Software, Inc. was an American multinational software and services company based in San Francisco that provided cloud platform hosting and consulting services. Pivotal is now a part of VMware.
Subsidiary | |
Industry | Computer software |
Founded | April 2013 |
Headquarters |
|
Key people | Paul Maritz (Chairman) Rob Mee (CEO) Bill Cook (President) |
Revenue | US$509.4M[1] (2017) |
-US$163.5M (2017) | |
Owner | Dell Technologies (70%) |
Number of employees | 2,971 (1Q 2020) |
Parent | VMware |
Website | pivotal |
History
Pivotal Software was formed in 2012 after spinning out of EMC Corporation and VMware (which was majority-owned by EMC).[2] The name came from the Pivotal Labs LLC which had been acquired by EMC, and briefly used the name GoPivotal, Incorporated.[3] On April 24, 2013, the organization announced a US$105 million investment from General Electric (for 10% equity) and Pivotal One, including Cloud Foundry for cloud computing.[4][5]
Paul Maritz became Pivotal's chief executive immediately after the spin-out.[5] Maritz had joined EMC in February 2008 when Pi Corporation, a company he co-founded, was acquired and was previously the CEO of VMware.[6][7] The Greenplum Database (acquired by EMC in 2010) formed the basis of a division selling software for the big data market.[8]
In March 2013, a distribution of Apache Hadoop called Pivotal HD was announced, including a version of the Greenplum software for it called Hawq.[9]
Paul Maritz became Pivotal's Chairman and Rob Mee, founder of Pivotal Labs, became chief executive officer of Pivotal Software on August 18, 2015. In May, 2016, a US$253 million round of investment was announced, including Ford investments.[10] EMC also converted US$400 million of debt into equity at that time.[11][12]
In March 2018, the company filed for an initial public offering, debuting on the NYSE on April 20, 2018.[13][14] The trading price began at $15 a share, and closed with a 5% increase on its first day.[15] The company plans to raise $555 million in the IPO.[16]
On August 14, 2019 VMware announced merger discussions with Pivotal, and a definitive agreement to acquire Pivotal Software was signed on August 22, 2019.[17] The merger was completed on December 30, 2019.[18]
See also
Wikimedia Commons has media related to Pivotal Software. |
References
- Balakrishnan, Anita (March 23, 2018). "Pivotal Software, majority-owned by Dell, files for IPO with over $500 million in revenue last year". CNBC. Retrieved March 29, 2018.
- Om Malik and Stacey Higginbotham (July 16, 2012). "VMware plans cloud spin out to keep up with Microsoft, Amazon and Google". GigaOM. Retrieved August 31, 2016.CS1 maint: uses authors parameter (link)
- "Notice of Exempt Offering of Securities". United States Securities and Exchange Commission. April 15, 2013. Retrieved August 31, 2016.
- "GE Joins EMC and VMware in a Joint Venture to Challenge Software Megavendors in the Cloud". Press Release. April 24, 2013. Retrieved August 31, 2016.
- Quentin Hardy (April 24, 2013). "Pivotal's Audacious Plan". New York Times Bits. Retrieved August 31, 2016.
- "EMC To Acquire Pi Corporation, Developer of Personal Information Management Technology". Press release. EMC. February 21, 2008. Retrieved October 3, 2013.
- "Executive Team". Company web site. Pivotal. Archived from the original on November 18, 2013. Retrieved August 31, 2016.
- Jack Clark (April 24, 2013). "General Electric pours $105 MEEELION into Pivotal Initiative: Skunkworks lab for the industrial internet". The Register. Retrieved August 31, 2016.
- Timothy Prickett Morgan (July 17, 2013). "Pivotal ships eponymous Hadoop distro to the masses: An inquisitive HAWQ rides the big data elephant". The Register. Retrieved August 31, 2016.
- Arik Hesselhdahl (May 5, 2016). "Ford lead US$253 million investment in EMC-owned Pivotal". Recode. Retrieved August 12, 2016.
- "Pivotal's Funding Picture Just Got a Lot More Interesting: EMC's debt conversion should grease the skids for a Pivotal IPO". Fortune. May 9, 2016. Retrieved August 31, 2016.
- "Notice of Exempt Offering of Securities". United States Securities and Exchange Commission. May 6, 2016. Retrieved August 31, 2016.
- Al-Muslim, Aisha (March 23, 2018). "Pivotal Software Files for IPO". The Wall Street Journal. Retrieved March 29, 2018.
- Owens, Jeremy C. "Pivotal prices IPO at $15 a share". MarketWatch. Retrieved 2018-04-20.
- "Pivotal Software closed up 5% following IPO, raised $555 million". TechCrunch. April 20, 2018. Retrieved 21 April 2018.
- "Pivotal Software IPO Climbs Nearly 5% In First Day Of Trading". Investor's Business Daily.
- "VMware Signs Definitive Agreement to Acquire Pivotal Software". investors.pivotal.io. Archived from the original on 2019-08-23. Retrieved 2019-08-23.
- "VMware Completes Acquisition of Pivotal". Press Release.