Palo Alto, CA-based VMware, Inc. announced on December 30 it has completed the acquisition of San Francisco, CA-based Pivotal Software, Inc. As a result of the completion of the acquisition, Pivotal’s Class A common stock was removed from listing on the New York Stock Exchange with trading suspended prior to the open of the market, and Pivotal will now operate as a wholly owned subsidiary of VMware. The transaction represented an enterprise value for Pivotal of approximately $2.7 billion.
Pivotal’s offerings will be core to the VMware Tanzu portfolio
of products and services designed to help customers transform the way they
build, run and manage their most important applications, with Kubernetes as the
common infrastructure substrate. The combination of Pivotal’s developer-centric
offerings with VMware’s upstream Kubernetes run-time infrastructure and
management tools will deliver a comprehensive enterprise solution that enables
dramatic improvements in developer productivity in the creation of modern
applications. VMware is able to offer product building blocks and integrated solutions
that are tested and proven with technical expertise that customers need to
accelerate software delivery across data center, cloud and edge environments.
“It’s my pleasure to announce Ray O’Farrell as the leader of VMware’s
new Modern Applications Platform business unit—uniting the Pivotal and VMware
Cloud Native Applications teams,” said Pat Gelsinger, CEO, VMware. “And as
Pivotal is now part of VMware, I want to thank the Pivotal leadership team for
building a great company. Together, we’re poised to be the leading enabler of
Kubernetes with a deep understanding of both operators and developers.”
“Digital transformation and the applications that drive it should not be
restricted only to cloud and software giants,” said Ray O’Farrell, executive
vice president and general manager, Modern Applications Platform Business Unit,
VMware. “We believe that modern application development solutions and practices
need to be easily accessible to everyday enterprises across the globe. With
Pivotal’s developer capabilities as the foundation, we’ll focus on delivering
consumable, enterprise-ready cloud native offerings to customers to help them
achieve better business outcomes.”
“Pivotal has fundamentally changed how the world’s biggest brands build and manage software with a focus on developer productivity through platform abstractions and development techniques as well as connecting the business with the developer,” said Edward Hieatt, senior vice president, customer success, Pivotal. “The combination of Pivotal and VMware offers the most comprehensive application platform in the industry and is a win for our customers, a win for Pivotal, and a win for VMware. We’re excited to team up with VMware to help more enterprises become like modern software companies by adopting DevOps and Lean techniques developed by internet giants and the startup community.”
Source: VMware
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