Pivotal Brings in $105 Million GE Investment
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GE announced this week that it is investing $105 million in startup Pivotal. Pivotal was officially launched at a media event on Wednesday and is made up of technology assets spun out of EMC and VMware. Pivotal's technologies include VMware's CloudFoundry Platform-as-a-Service (PaaS) as well as a Hadoop distribution called Pivotal HD based on Greenplug Hadoop. Pivotal is led by CEO Paul Maritz, who formerly led VMware.
So what is GE's interest?
"GE is a 130-year old company, so we always like to be around you youngsters and help create the future with you," GE CEO, Jeff Immelt said during the Pivotal launch event.
Immelt said that GE is focused on enabling its customers with the benefits of software analytics. For GE, it's a movement that Immelt referred to as the Industrial Internet.
"It's about smart machines, Big Data and analytics, as well as mobile workforces," Immelt said. "Those will come together for airlines, utilities and Oil and Gas companies, to drive great applications."