Not that there was a lot of doubt but the Pivotal Initiative spin-off of VMware and EMC, has now officially spun off and will likely go public, according to EMC CEO and Chairman Joe Tucci, speaking at an investors event in New York.
EMC chairman and CEO Joe Tucci
Pivotal is 60 percent owned by EMC, 31 percent VMWare with about 1250 employees in $300 million in revenue, Tucci said. As has been reported, EMC contributed Pivotal Labs, Greenplum and VMware ponied up Cloud Foundry, Spring and Cetas.
“it’s not the riskiest thing we’ve ever done with an experienced executive, Paul Maritz, taking charge,” Tucci said.
Structure 2011: Paul Maritz – CEO, VMware
Maritz is the former CEO of VMWare, and was a long time top executive at Microsoft. Maritz will speak next week at GigaOM’s Structure: Data event in New York City. Maritz is on the agenda later today and will speak more about Pivotal.
“We have a great opportunity to bring EMC and VMware and Pivotal together and create great value for customers who want to deal with a few strategic suppliers,” Tucci said. But he also emphasized choice and flexibility. “If VMware wants to do something in storage that EMC might not like, they can do it.”
This post will be updated throughout the morning.
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