Pivotal Software

{{Infobox company

| name = Pivotal Software, Inc.

| logo = Pivotal Software logo.svg

| key_people = Paul Maritz
{{small|(Chairman)}}
Rob Mee
{{small|(CEO)}}
Bill Cook
{{small|(President)}}
Jason Hurst
{{small|(Chief of Staff, at founding)}}

| industry = Computer software

| fate = Acquired by VMware

| location = {{ubl

| San Francisco, California, U.S.

| Palo Alto, California, U.S.}}

| foundation = {{Start date|2013|04}}

| defunct = {{End date|2019|12}}

| num_employees = 2,971 (1Q 2020)

| revenue = US$509.4M{{Cite news

| url = https://www.cnbc.com/2018/03/23/pivotal-software-ipo-s-1-prospectus-filing.html

| title = Pivotal Software, majority-owned by Dell, files for IPO with over $500 million in revenue last year

| last = Balakrishnan

| first = Anita

| date = March 23, 2018

| work = CNBC

| access-date = March 29, 2018}}

| revenue_year = 2017

| net_income = -US$163.5M

| net_income_year = 2017

| owner = Michael Dell (70%)

| parent = Broadcom

| website = {{URL|pivotal.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 November 2023, Pivotal has been part of Broadcom.

History

File:PivotalSoftware2.JPG

Pivotal Software was formed in 2012 after spinning out of EMC Corporation and VMware (which was majority-owned by EMC).{{Cite news |title= VMware plans cloud spin out to keep up with Microsoft, Amazon and Google |author1=Om Malik |author2=Stacey Higginbotham |work= GigaOM |date= July 16, 2012 |url= http://gigaom.com/2012/07/16/vmware-plans-cloud-spin-out-to-keep-up-with-microsoft-amazon-and-google |archive-url= https://web.archive.org/web/20130211105552/http://gigaom.com/2012/07/16/vmware-plans-cloud-spin-out-to-keep-up-with-microsoft-amazon-and-google/ |url-status= dead |archive-date= February 11, 2013 |access-date= August 31, 2016 }} The name came from the Pivotal Labs LLC which had been acquired by EMC, and briefly used the name GoPivotal, Incorporated.{{Cite web |title= Notice of Exempt Offering of Securities |publisher= United States Securities and Exchange Commission |date= April 15, 2013 |url= https://www.sec.gov/Archives/edgar/data/1574135/000095017213000044/xslFormDX01/primary_doc.xml |access-date= August 31, 2016 }} On April 24, 2013, the organization announced a {{US$|105 million|link=yes}} investment from General Electric (for 10% equity) and Pivotal One, including Cloud Foundry for cloud computing.{{Cite web |url= http://www.gartner.com/newsroom/id/2448415 |archive-url= https://web.archive.org/web/20130428000533/http://www.gartner.com/newsroom/id/2448415 |url-status= dead |archive-date= April 28, 2013 |title= GE Joins EMC and VMware in a Joint Venture to Challenge Software Megavendors in the Cloud |date= April 24, 2013 |work= Press Release |access-date= August 31, 2016 }}{{Cite news |title= Pivotal's Audacious Plan |date= April 24, 2013 |author= Quentin Hardy |work= New York Times Bits |url= http://bits.blogs.nytimes.com/2013/04/24/pivotals-audacious-plan/ |access-date= August 31, 2016 }}

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.{{Cite news |title= EMC To Acquire Pi Corporation, Developer of Personal Information Management Technology |date= February 21, 2008 |work= Press release |publisher= EMC |url= http://www.emc.com/about/news/press/2008/20080221-01.htm |access-date= October 3, 2013 }}{{Cite web |title= Executive Team |work= Company web site |publisher= Pivotal |url= http://gopivotal.com/about-pivotal/team |archive-date= November 18, 2013 |archive-url= https://web.archive.org/web/20131118010618/http://www.gopivotal.com/team |access-date= August 31, 2016 }}

The Greenplum Database (acquired by EMC in 2010) formed the basis of a division selling software for the big data market.{{Cite web |title= General Electric pours $105 MEEELION into Pivotal Initiative: Skunkworks lab for the industrial internet |author= Jack Clark |date= April 24, 2013 |work= The Register |url= https://www.theregister.co.uk/2013/04/24/ge_pivotal/ |access-date= August 31, 2016 }}

In March 2013, a distribution of Apache Hadoop called Pivotal HD was announced, including a version of the Greenplum software for it called Hawq.{{Cite web |title= Pivotal ships eponymous Hadoop distro to the masses: An inquisitive HAWQ rides the big data elephant |author= Timothy Prickett Morgan |work= The Register |url= https://www.theregister.co.uk/2013/07/17/pivotal_hd_hadoop_ships/ |date=July 17, 2013 |access-date= August 31, 2016 }}

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$|253 million}} round of investment was announced, including Ford investments.{{Cite web |title= Ford lead {{US$|253 million}} investment in EMC-owned Pivotal |url= http://www.recode.net/2016/5/5/11634246/ford-microsoft-emc-pivotal-investment |work= Recode |author= Arik Hesselhdahl |date= May 5, 2016 |access-date= August 12, 2016 }} EMC also converted {{US$|400 million}} of debt into equity at that time.{{Cite web |title= Pivotal's Funding Picture Just Got a Lot More Interesting: EMC's debt conversion should grease the skids for a Pivotal IPO |date= May 9, 2016 |work= Fortune |url= http://fortune.com/2016/05/09/pivotal-funding/ |access-date= August 31, 2016 }}{{Cite web |title= Notice of Exempt Offering of Securities |publisher= United States Securities and Exchange Commission |date= May 6, 2016 |url= https://www.sec.gov/Archives/edgar/data/1574135/000095017216000184/xslFormDX01/primary_doc.xml |access-date= August 31, 2016 }}

In March 2018, the company filed for an initial public offering, debuting on the NYSE on April 20, 2018.{{Cite news|url=https://www.wsj.com/articles/pivotal-software-files-for-ipo-1521836993|title=Pivotal Software Files for IPO|last=Al-Muslim|first=Aisha|date=March 23, 2018|work=The Wall Street Journal|access-date=March 29, 2018}}{{Cite news|url=https://www.marketwatch.com/story/pivotal-prices-ipo-at-15-a-share-2018-04-20|title=Pivotal prices IPO at $15 a share|last=Owens|first=Jeremy C.|work=MarketWatch|access-date=2018-04-20|language=en-US}} The trading price began at $15 a share, and closed with a 5% increase on its first day.{{cite news|title=Pivotal Software closed up 5% following IPO, raised $555 million|url=https://techcrunch.com/2018/04/20/pivotal-software-closes-up-5-following-ipo-raised-555-million/|access-date=21 April 2018|publisher=TechCrunch|date=April 20, 2018}} The company raised $555 million in the IPO.{{cite news|title=Pivotal Software IPO Climbs Nearly 5% In First Day Of Trading|url=https://www.investors.com/news/technology/pivotal-software-prices-shares-at-15-launches-ipo-today/|publisher=Investor's Business Daily}}

On August 14, 2019, VMware announced merger discussions with Pivotal, and a definitive agreement to acquire Pivotal Software was signed on August 22, 2019.{{Cite web|url=https://investors.pivotal.io/news/financial-news/press-release-details/2019/VMware-Signs-Definitive-Agreement-to-Acquire-Pivotal-Software/default.aspx|title=VMware Signs Definitive Agreement to Acquire Pivotal Software|website=investors.pivotal.io|language=en-US|access-date=2019-08-23 |archive-url=https://web.archive.org/web/20190823065509/https://investors.pivotal.io/news/financial-news/press-release-details/2019/VMware-Signs-Definitive-Agreement-to-Acquire-Pivotal-Software/default.aspx |archive-date=2019-08-23}} The merger was completed on December 30, 2019.{{Cite web|url=https://www.vmware.com/company/news/releases/vmw-newsfeed.VMware-Completes-Acquisition-of-Pivotal.3b73174e-4485-4ff9-8c5d-56c54de6db86.html|title=VMware Completes Acquisition of Pivotal|language=en-US|work=Press Release}} VMware folded Pivotal into the Tanzu application suite, with the Pivotal Labs consulting group rebranding to become VMware Tanzu Labs in January 2021.{{Cite web|title=VMware Tanzu Labs: New Name, Even More Transformative Expertise|url=https://tanzu.vmware.com/content/blog/vmware-tanzu-labs-new-name|access-date=2021-01-15|website=tanzu.vmware.com|date=13 January 2021 |language=en-US}}