GE buys 10 pc stake of Pivotal, an EMC-VMware spin-off

BANGALORE, INDIA: Pivotal, a spin-out from EMC and VMware, announced that General Electric Company (GE) plans to make a strategic investment of approximately $105 million in the company, representing a 10 per cent equity stake.

The companies also announced their intent to enter into a broad research and development and commercial agreement aimed at accelerating GE's ability to create new analytic services and solutions for its customers.

In the first quarter of 2013, EMC and VMware announced that they would form a new company - Pivotal - which unites strategic technology, people and programs from EMC and VMware, including: Greenplum, Cloud Foundry, Spring, Cetas, Pivotal Labs, GemFire and other products from the VMware vFabric Suite.

Pivotal's mission is to deliver the world's most powerful enterprise platform-as-a-service enabling customers to build a new class of applications, leveraging big and fast data, and do all of this with the power of cloud independence, says a release.