Pivotal Announces Planned Strategic Investment from GE
Pivotal's Next Generation Enterprise Platform-as-a-Service to Accelerate GE's
Ability to Create New Analytic Services and Solutions for the Industrial
SAN FRANCISCO, April 24, 2013
SAN FRANCISCO, April 24, 2013 /PRNewswire/ --
oPivotal today announced that GE plans to make a strategic investment of
approximately $105 million, representing a 10% equity stake in the
oThe parties also signed a term sheet setting forth a framework for a broad
research and development and commercial agreement.
oGE's Software Center of Excellence will use Pivotal's technologies as a
standard source for delivering data analytics and cloud architecture.
oPaul Maritz, members of the Pivotal leadership team, and GE's Vice
President and Corporate Officer Bill Ruh will further discuss this
partnership and unveil the plans for the Pivotal One Enterprise PaaS
during a live streaming event today April 24, 2013 at 10:00 am
Pacific/1:00 pm Eastern. To join visit gopivotal.com.
Pivotal, the company setting the new standard for enterprise PaaS, today
announced that GE plans to invest approximately $105 million in Pivotal. The
companies also announced their intent to enter into a broad research and
development and commercial agreement aimed at accelerating GE's ability to
create new analytic services and solutions for its customers. The investment
and business agreement are each expected to be finalized in the second quarter
of 2013 and are subject to standard regulatory approval and other closing
The investment in Pivotal and new business agreement align with GE's focus on
the Industrial Internet. Over the past two decades, technology has connected
people globally and created unprecedented opportunities for business and
consumers. In the next decade, the Internet will also transform industries
like aviation, rail, energy, oil & gas, infrastructure and healthcare,
connecting human insight with machine intelligence, advanced analytics and
low-cost-sensing to drive new levels of productivity and efficiency for global
The partnership with Pivotal will be key for GE's Global Software Center
headquartered in San Ramon, CA. The Center is working to develop a software
platform that GE will deliver as a service to industrial customers in
aviation, transportation, healthcare, energy and manufacturing. Pivotal will
be a key partnership for enabling applications and analytics in the cloud, and
GE's Software Center plans to use these technologies as a standard source for
delivering data management.GE will use the software platform, powered by
Pivotal technology, across its businesses.
Paul Maritz, CEO, Pivotal
"We are experiencing a major change in the wide-scale move to cloud computing,
which includes both infrastructure and the transformation of how applications
will be built and used based on cloud and mobility. This transformation is
also happening in enterprises where their environments must adapt to a world
that is data-centric, requires agility and real-time response. As one of the
world's largest industrial companies, GE's investment underscores the profound
change in business and the historic opportunity that Pivotal has in delivering
a new platform to help GE's customers succeed."
Bill Ruh, Vice President and Corporate Officer, GE Global Software Center
"It's no secret that the cloud and Big Data are driving dramatic business
transformation enabling an Industrial Internet. At the heart of it is that
machines can be intelligent, connected, and that we can use software to
analyze the information coming out of them. To support this next frontier
requires an architectural shift in how our services are built and delivered.
Pivotal is creating a platform that brings the best of the Internet - rapid
application development, data analytics and cloud architecture - to
enterprises. This is aligned with many of the things we are doing at GE to
help accelerate our delivery of innovation, and to bring a productivity
revolution that will have a positive impact on all of us."
oReport: GE Invests in Solutions for the Industrial Internet
oPaul Maritz on the Pivotal Initiative at the EMC VMware Strategic Forum
oFollow Pivotal on Twitter @gopivotal and LinkedIn
Pivotal is building a new platform for a new era, setting the standard for
Enterprise Platform-as-a-Service (PaaS). The company's mission is to enable
customers to build a new class of applications, leveraging big and fast data,
doing all of this with the power of cloud independence.
Uniting selected technology, people and programs from EMC and VMware, the
following products and services are now part of Pivotal: Greenplum®, Cloud
Foundry, Spring, Cetas, Pivotal Labs®, GemFire® and other products from the
VMware vFabric™ Suite.
GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in energy,
health and home, transportation and finance. Building, powering, moving and
curing the world. Not just imagining. Doing. GE works. For more information,
visit the company's website atwww.ge.com.
GE's Investor Relations website atwww.ge.com/investorand our corporate blog
atwww.gereports.com, as well as GE's Facebook page and Twitter accounts,
contain a significant amount of information about GE, including financial and
other information for investors. GE encourages investors to visit these
websites from time to time, as information is updated and new information is
Pivotal, Pivotal Labs, Pivotal One, Pivotal HD, HAWQ, Cloud Foundry,
Greenplum, GemFire, RabbitMQ, and OpenChorus are either registered trademarks
or trademarks of GoPivotal,Inc. in the United States and other countries. All
other products and/or services are trademarks of their respective owners.
Contact: Pivotal, David Oro, +1-415-885-9898, email@example.com, GE, Holly
Gilthorpe, telephone, +1-925-242-6896, mobile, +1-408-644-0416,
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