EMC and VMware’s pivotal moment has officially spun off and the Pivotal Initiative, a big data and cloud platform company is slated to go public according to EMC CEO Joe Tucci while speaking with investors at an event in New York. EMC’s chief strategist and ex-CEO of VMware, Paul Maritz, who is leading the Pivotal Initiative, believes and expects it to be a billion dollar business within the next five years if they can get the $400 million initial investment needed to reach that goal. EMC will own 69 percent and VMware will own 31 percent with 1,250 employees and $300 million in revenue.
• • 1 Comment
VMworld 2012 is right around the corner and the time leading up to the conference is usually the time major announcements are made about new technology and/or new products to strike interest in different technologies that will be presented at the conference. Today a different kind of announcement has been made, in that Paul Maritz is no longer VMware CEO, and he is being replaced by Pat Gelsinger, President and COO of EMC’s Information Infrastructure Product division. Mr. Maritz will become a Vice Chairman at EMC, although I am still up in the air on whether that means Paul is on his way out of EMC or looking to lead somewhere else? Maybe one could speculate Cloud Foundry? What do you make of VMware’s Executive Shuffle?