Pivotal Software, Inc. was an American multinational

software Software is a set of computer programs and associated software documentation, documentation and data (computing), data. This is in contrast to Computer hardware, hardware, from which the system is built and which actually performs the work. ...

and

services Service may refer to: Activities * Administrative service, a required part of the workload of university faculty * Civil service, the body of employees of a government * Community service, volunteer service for the benefit of a community or a p ...

company based in

San Francisco San Francisco (; Spanish for " Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the fourth most populous in California and 17th ...

that provided cloud platform hosting and consulting services. Since December 2019, Pivotal has been part of

VMware VMware, Inc. is an American cloud computing and virtualization technology company with headquarters in Palo Alto, California. VMware was the first commercially successful company to virtualize the x86 architecture. VMware's desktop software ru ...

History

Pivotal Software was formed in 2012 after spinning out of

EMC Corporation Dell EMC (EMC Corporation until 2016) is an American multinational corporation headquartered in Hopkinton, Massachusetts and Round Rock, Texas, United States. Dell EMC sells data storage, information security, virtualization, analytics, clo ...

and

(which was majority-owned by EMC). The name came from the Pivotal Labs LLC which had been acquired by EMC, and briefly used the name GoPivotal, Incorporated. On April 24, 2013, the organization announced a investment from

General Electric General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable en ...

(for 10% equity) and Pivotal One, including

Cloud Foundry Cloud Foundry is an open source, multi-cloud application platform as a service (PaaS) governed by the Cloud Foundry Foundation, a 501(c)(6) organization. The software was originally developed by VMware, transferred to Pivotal Software (a joint ...

for

cloud computing Cloud computing is the on-demand availability of computer system resources, especially data storage ( cloud storage) and computing power, without direct active management by the user. Large clouds often have functions distributed over mu ...

Paul Maritz Paul Alistair Maritz (born March 16, 1955) is a computer scientist and software executive. He held positions at large companies including Microsoft and EMC Corporation. He currently serves as chairman of Pivotal Software. Early life Paul Marit ...

became Pivotal's chief executive immediately after the spin-out. Maritz had joined EMC in February 2008 when Pi Corporation, a company he co-founded, was acquired and was previously the CEO of VMware. The Greenplum Database (acquired by EMC in 2010) formed the basis of a division selling software for the big data market. In March 2013, a distribution of Apache Hadoop called Pivotal HD was announced, including a version of the Greenplum software for it called Hawq. Paul Maritz became Pivotal's Chairman and Rob Mee, founder of Pivotal Labs, became

chief executive officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especial ...

of Pivotal Software on August 18, 2015. In May, 2016, a round of investment was announced, including

Ford Ford commonly refers to: * Ford Motor Company, an automobile manufacturer founded by Henry Ford * Ford (crossing), a shallow crossing on a river Ford may also refer to: Ford Motor Company * Henry Ford, founder of the Ford Motor Company * Ford F ...

investments. EMC also converted of debt into equity at that time. In March 2018, the company filed for an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

, debuting on the

NYSE The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its liste ...

on April 20, 2018. The trading price began at $15 a share, and closed with a 5% increase on its first day. The company raised $555 million in the IPO. On August 14, 2019 VMware announced merger discussions with Pivotal, and a definitive agreement to acquire Pivotal Software was signed on August 22, 2019. The merger was completed on December 30, 2019. VMware folded Pivotal into the Tanzu application suite, with the Pivotal Labs consulting group rebranding to become VMware Tanzu Labs in January 2021.

References

{{Dell Companies acquired by Dell Software companies based in the San Francisco Bay Area Software companies established in 2013 Companies formerly listed on the New York Stock Exchange 2018 initial public offerings Companies based in San Francisco Companies based in Palo Alto, California Corporate spin-offs 2019 mergers and acquisitions VMware Software companies of the United States 2013 establishments in the United States 2013 establishments in California Companies established in 2013

History

See also

References