On April 24, 2013, General Electric (NYSE: GE) announced an investment of $105 million in Pivotal that gave it a 10% stake in Pivotal valuing it at $1 billion.
In 2013, GE also opened its Global Software Center in San Ramon, California.
Why GE is stepping into the world of Big Data?
It is apparent that GE's plan is to ride the wave of cloud computing and big data and gradually integrate its machines business with the software and services business, and offer cloud services and data analytics to its customers to protect its supremacy in its major businesses including Power & Water, Oil & Gas, Energy Management, Healthcare, Transportation, and Home and Business Solutions.
The key feature of Pivotal is that it is cloud-independent, meaning the new development platform can sit on top of cloud offerings from Amazon, Google, and/or Microsoft, and, of course, VMware. It can also let companies run business apps on their own servers.
Industry Analysts Perspective on the PaaS Market
IDC predicts that the global market for PaaS (platform as a service) is set to leap from US$3.8 billion in 2012 to more than $14 billion in 2017 as companies look to cut infrastructure costs and speed up application development.
According to MarketsandMakets's report on "Platform as a Service (PaaS) Market - Global Advancements, Business Models, Technology Roadmaps, Forecasts & Analysis (2013 – 2018)”, the global PaaS market is estimated to grow from $1.28 billion in 2013 to $6.94 billion in 2018 at a compound annual growth rate (CAGR) of 32.54% in this period.
In 2013, Pivotal was founded with 800 employees from EMC and 600 employees from VMware and its product set includes EMC's Greenplum next-generation database/analytics platform; VMware's vFabric cloud platform (including Spring and GemFire - in-memory analytics, Cetas analytics software - real time streaming analytics, the Cloud Foundry platform as a service and a big data software development tool called Pivotal Tracker used by 240,000 developers worldwide and a blue-ribbon big data customer list that includes Twitter.
The key differentiation of Pivotal is that it is cloud-independent, meaning the new development platform can sit on top of cloud offerings from Amazon, Microsoft, and, of course, VMware. It can also let companies run business apps on their own servers.
Since 2013, Capgemini and Pivotal are working together to establish a dedicated Pivotal Center of Excellence (CoE) within Capgemini’s Business Information Management (BIM) center in India, that will scale to 500 dedicated Pivotal product experts by 2015. The CoE has access to over 8,000 information management practitioners and 6,000 Java developers.