Microsoft invests in cloud company Pivotal

Microsoft logoIt was reported on Friday morning that Microsoft has invested in Pivotal, a San Francisco-based cloud-computing company. Besides Microsoft, Ford was also announced as a major investor.

The media reported that Pivotal’s Series C funding round hit $253 million, with Ford contributing with $182.2 million. It is not known exactly how much money Microsoft poured into the company. We do know, however, that the company’s value now sits at $2.8 billion.

Other investors include General Electric, EMC, and VMWare.

"This relationship builds off what was already a strong relationship", Forbes quotes Pivotal CIO Marcy Klevorn saying. "We are re-positioning the company into a software world".

Pivotal is a company formed out of EMC and VMWare back in 2013. It is a software and services company based in San Francisco, with subsidiaries Pivotal Labs, Pivotal Cloud Foundry, Pivotal Big Data Suite and Pivotal Data Science.

The company was at first lead by Paul Maritz, who was a Microsoft executive prior to joining the new start-up. At one point, he was also considered as a successor to Steve Ballmer. Since last year, he is no longer Pivotal's CEO, but remains as an executive chairman of the board of directors. EMC was later acquired by Dell for $67 billion, which is now known as the largest deal in tech history.

Dell is currently billions in minus thanks to the acquisition, which is why it’s selling off a couple of non-essential business units.

Source: Betanews

Tags: cloud computing, Microsoft

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
Purported leak reveals upcoming phablet’s design
 
Google boasts of integration with Google Assistant and Google Home
 
The support team replied that some hardware limitations are leading to malfunctions
 
The retailer will allow results to appear in the Shopping section of Google’s search engine
 
Trump is seeking to lift the export ban as a "personal favor" to China
 
The company reportedly sniffed around AMD and Nvidia as potential GPU suppliers
 
 
iPhone users in the US will be able to automatically share their location with first responders
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
     12
3456789
10111213141516
17181920212223
24252627282930




Poll

Do you use microSD card with your phone?
or leave your own version in comments (10)