Company:Pivotal Software

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Short description: American technology company
Pivotal Software, Inc.
TypeSubsidiary
IndustryComputer software
FateAcquired by VMware
FoundedApril 2013 (2013-04)
DefunctDecember 2019 (2019-12)
Headquarters
Key people
Paul Maritz
(Chairman)
Rob Mee
(CEO)
Bill Cook
(President)
RevenueUS$509.4M[1] (2017)
-US$163.5M (2017)
OwnerMichael Dell (70%)
Number of employees
2,971 (1Q 2020)
ParentVMware
Websitepivotal.io

Pivotal Software, Inc. was an American multinational software and services company based in San Francisco that provided cloud platform hosting and consulting services. Since December 2019, Pivotal has been part of VMware.

History

Pivotal office in Toronto

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 raised $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] VMware folded Pivotal into the Tanzu application suite, with the Pivotal Labs consulting group rebranding to become VMware Tanzu Labs in January 2021.[19]

See also

References

  1. ↑ Balakrishnan, Anita (March 23, 2018). "Pivotal Software, majority-owned by Dell, files for IPO with over $500 million in revenue last year". CNBC. https://www.cnbc.com/2018/03/23/pivotal-software-ipo-s-1-prospectus-filing.html. 
  2. ↑ Om Malik and Stacey Higginbotham (July 16, 2012). "VMware plans cloud spin out to keep up with Microsoft, Amazon and Google". GigaOM. http://gigaom.com/2012/07/16/vmware-plans-cloud-spin-out-to-keep-up-with-microsoft-amazon-and-google. 
  3. ↑ "Notice of Exempt Offering of Securities". United States Securities and Exchange Commission. April 15, 2013. https://www.sec.gov/Archives/edgar/data/1574135/000095017213000044/xslFormDX01/primary_doc.xml. 
  4. ↑ "GE Joins EMC and VMware in a Joint Venture to Challenge Software Megavendors in the Cloud". Press Release. April 24, 2013. http://www.gartner.com/newsroom/id/2448415. 
  5. ↑ 5.0 5.1 Quentin Hardy (April 24, 2013). "Pivotal's Audacious Plan". New York Times Bits. http://bits.blogs.nytimes.com/2013/04/24/pivotals-audacious-plan/. 
  6. ↑ "EMC To Acquire Pi Corporation, Developer of Personal Information Management Technology". Press release (EMC). February 21, 2008. http://www.emc.com/about/news/press/2008/20080221-01.htm. 
  7. ↑ "Executive Team". Company web site. Pivotal. http://gopivotal.com/about-pivotal/team. 
  8. ↑ Jack Clark (April 24, 2013). "General Electric pours $105 MEEELION into Pivotal Initiative: Skunkworks lab for the industrial internet". The Register. https://www.theregister.co.uk/2013/04/24/ge_pivotal/. 
  9. ↑ Timothy Prickett Morgan (July 17, 2013). "Pivotal ships eponymous Hadoop distro to the masses: An inquisitive HAWQ rides the big data elephant". The Register. https://www.theregister.co.uk/2013/07/17/pivotal_hd_hadoop_ships/. 
  10. ↑ Arik Hesselhdahl (May 5, 2016). "Ford lead US$253 million investment in EMC-owned Pivotal". Recode. http://www.recode.net/2016/5/5/11634246/ford-microsoft-emc-pivotal-investment. 
  11. ↑ "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. http://fortune.com/2016/05/09/pivotal-funding/. 
  12. ↑ "Notice of Exempt Offering of Securities". United States Securities and Exchange Commission. May 6, 2016. https://www.sec.gov/Archives/edgar/data/1574135/000095017216000184/xslFormDX01/primary_doc.xml. 
  13. ↑ Al-Muslim, Aisha (March 23, 2018). "Pivotal Software Files for IPO". The Wall Street Journal. https://www.wsj.com/articles/pivotal-software-files-for-ipo-1521836993. 
  14. ↑ Owens, Jeremy C.. "Pivotal prices IPO at $15 a share" (in en-US). MarketWatch. https://www.marketwatch.com/story/pivotal-prices-ipo-at-15-a-share-2018-04-20. 
  15. ↑ "Pivotal Software closed up 5% following IPO, raised $555 million". TechCrunch. April 20, 2018. https://techcrunch.com/2018/04/20/pivotal-software-closes-up-5-following-ipo-raised-555-million/. 
  16. ↑ "Pivotal Software IPO Climbs Nearly 5% In First Day Of Trading". Investor's Business Daily. https://www.investors.com/news/technology/pivotal-software-prices-shares-at-15-launches-ipo-today/. 
  17. ↑ "VMware Signs Definitive Agreement to Acquire Pivotal Software" (in en-US). https://investors.pivotal.io/news/financial-news/press-release-details/2019/VMware-Signs-Definitive-Agreement-to-Acquire-Pivotal-Software/default.aspx. 
  18. ↑ "VMware Completes Acquisition of Pivotal" (in en-US). Press Release. https://www.vmware.com/company/news/releases/vmw-newsfeed.VMware-Completes-Acquisition-of-Pivotal.3b73174e-4485-4ff9-8c5d-56c54de6db86.html. 
  19. ↑ "VMware Tanzu Labs: New Name, Even More Transformative Expertise" (in en-US). https://tanzu.vmware.com/content/blog/vmware-tanzu-labs-new-name. 




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