• Pivotal Software closed up 5% following IPO, raised $555 million

    4 monthes ago - By Tech Crunch

    Stock market investors showed lukewarm enthusiasm for Pivotal Software's debut on Friday. After pricing the IPO at $15, the company closed the day at $15.73.
    Although it didn't “pop” for new investors, pricing at the midpoint of its proposed range allowed Pivotal to raise $555 million. Its public company market cap exceeded $3 billion.
    The enterprise cloud computing company has been majority-owned by Dell, which came about after its merger with EMC in 2016. It was spun off from Dell, EMC and VMware in April 2013.
    After that, it raised $1.7 billion in funding from Microsoft, Ford and...
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  • The CEO of the $3.9 billion company at the heart of the cloud wars talks about going public after 29 years

    The CEO of the $3.9 billion company at the heart of the cloud wars talks about going public after 29 years

    4 monthes ago - By Business Insider

    Pivotal Software began trading publicly on Friday, closing up about 5% from its listing price of $15. It's now valued at $3.9 billion.
    Pivotal's biggest business is in selling tools that help developers deploy their apps across Microsoft's, Amazon's, and Google's massive cloud computing platforms.
    Pivotal isn't profitable, and CEO Rob Mee says that it's focusing on growth right now.
    The company is independent, but Dell is the majority shareholder. Mee says that the company is allowed to make its own decisions, and is run like a startup.
    Cloud computing company Pivotal Software made its...
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  • The CEO of the $3.9 billion company at the heart of the cloud wars talks about going public after 29 years

    The CEO of the $3.9 billion company at the heart of the cloud wars talks about going public after 29 years

    4 monthes ago - By Business Insider

    Pivotal Software began trading publicly on Friday, closing up about 5% from its listing price of $15. It's now valued at $3.9 billion.
    Pivotal's biggest business is in selling tools that help developers deploy their apps across Microsoft's, Amazon's, and Google's massive cloud computing platforms.
    Pivotal isn't profitable, and CEO Rob Mee says that it's focusing on growth right now.
    The company is independent, but Dell is the majority shareholder. Mee says that the company is allowed to make its own decisions, and is run like a startup.
    Cloud computing company Pivotal Software made its...
    Read more ...

     

  • Pivotal CEO Rob Mee Talks Michael Dell and Cloud on IPO Day

    4 monthes ago - By Fortune

    Business software company Pivotal held an initial public offering on Friday, raising about $555 million in the process.
    The company is a subsidiary of Dell Technologies along with data center software maker VMware vmw and cybersecurity firm SecureWorks scwx
    . VMware and Pivotal came as a package deal when Dell acquired data center technology giant EMC for $67 billion in 2016.
    But Pivotal CEO Rob Mee wants to clear up any confusion that Dell's majority ownership gives his company deep pockets. It is a misconception he heard during the run up to Pivotal's public market debut, when some...
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