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.

History

Pivotal Software was formed in 2012 after spinning out of EMC Corporation and VMware. 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 and Pivotal One, including Cloud Foundry for cloud computing.
Paul Maritz 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 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 of Pivotal Software on August 18, 2015. In May, 2016, a round of investment was announced, including Ford investments. EMC also converted of debt into equity at that time.
In March 2018, the company filed for an initial public offering, debuting on the NYSE on April 20, 2018. The trading price began at $15 a share, and closed with a 5% increase on its first day. The company plans to raise $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.