{"id":646486,"date":"2013-03-13T09:02:05","date_gmt":"2013-03-13T13:02:05","guid":{"rendered":"http:\/\/gigaom.com\/?p=619926"},"modified":"2013-03-13T09:02:05","modified_gmt":"2013-03-13T13:02:05","slug":"the-pivotal-initiative-in-case-you-were-wondering-is-now-official","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/646486","title":{"rendered":"The Pivotal Initiative, in case you were wondering, is now official"},"content":{"rendered":"

Not that there was a lot of doubt but the Pivotal Initiative spin-off o<\/a>f 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.<\/p>\n

\"EMC<\/a><\/p>\n

EMC chairman and CEO Joe Tucci<\/p>\n<\/div>\n

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.<\/p>\n

\u201cit\u2019s not the riskiest thing we\u2019ve ever done with an experienced executive, Paul Maritz, taking charge,\u201d Tucci said.<\/p>\n

\"Structure<\/a><\/p>\n

Structure 2011: Paul Maritz \u2013 CEO, VMware<\/p>\n<\/div>\n

Maritz is the former CEO of VMWare, and was a long time top executive at Microsoft. Maritz will speak next week at GigaOM\u2019s Structure: Data event <\/a>in New York City. Maritz is on the agenda later today and will speak more about Pivotal.<\/p>\n

\u201cWe 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,\u201d Tucci said. \u00a0But he also emphasized choice and flexibility. \u201cIf VMware wants to do something in storage that EMC might not like, they can do it.\u201d<\/p>\n

This post will be updated throughout the morning.<\/p>\n

\"\"<\/p>\n

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