Pivotal
Pivotal was founded in 2012 and is headquartered in San Francisco, US
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Key People/Management at Pivotal
Rob Mee
CEO
Cynthia Gaylor
CFO
Bill Cook
COO
Michael Dell
Board Member
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Pivotal Office Locations
Pivotal has offices in San Francisco, Singapore, London, Cambridge and in 10 other locations
San Francisco, US (HQ)
875 Howard St
Arlington, US
2221 S Clark St
Boulder, US
200 1701 Pearl St
Cambridge, US
145 Broadway
Chicago, US
1214 222 W Merchandise Mart Plaza
Denver, US
1644 Platte St
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Pivotal Financials and Metrics
Summary Metrics
Founding Date | 2012 |
Total Funding | $1.5 b |
Latest funding size | $653 m |
Time since last funding | 2 years ago |
Investors | Microsoft, Ford Motor Company, General Electric (GE), VMware, EMC |
Pivotal's latest funding round in May 2016 was reported to be $653 m. In total, Pivotal has raised $1.5 b. Pivotal's latest valuation is reported to be $2.8 b.
Pivotal Financials
Pivotal's revenue was reported to be $509.44 m in FY, 2018 which is a 22.4% increase from the previous period.
| USD | |
|---|---|
Revenue (FY, 2018) | 509.4 m |
Revenue growth (FY, 2017 - FY, 2018), % | 22.4% |
Gross profit (FY, 2018) | 281 m |
Gross profit margin (FY, 2018), % | 55.2% |
Net income (FY, 2018) | (163.5 m) |
EBIT (FY, 2018) | (168.3 m) |
Market valuation | 2.8 b |
Cash (2-Feb-2018) | 73 m |
EV | 2.7 b |
Annual
| USD | FY, 2017 | FY, 2018 |
|---|---|---|
Cash | 133.9 m | 73 m |
Accounts Receivable | 145.4 m | 210.7 m |
Current Assets | 328.7 m | 366.7 m |
PP&E | 29 m | 32 m |
| USD | FY, 2016 | FY, 2017 | FY, 2018 |
|---|---|---|---|
Net Income | (282.7 m) | (232.9 m) | (163.5 m) |
Depreciation and Amortization | 32.8 m | 24.6 m | 22.2 m |
Accounts Payable | (300 k) | (6 m) | 12.6 m |
Cash From Operating Activities | 29.2 m | (166.4 m) | (116.5 m) |
| USD | Y, 2018 |
|---|---|
EV/EBIT | -16.3 x |
EV/CFO | -23.6 x |
Revenue/Employee | 276.5 k |
Financial Leverage | 1.6 x |
Pivotal Acquisitions / Subsidiaries
| Acquired Company | Date | Deal Size |
|---|---|---|
| Proof Innovation Labs | ||
| New Context (Singapore) | ||
| Cubox | ||
| Neo Innovation, Inc. | February 28, 2016 | |
| Slice of Lime | January 12, 2016 | |
| CloudCredo | December 21, 2015 | |
| Xtreme Labs Inc | October 02, 2013 |
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Pivotal News and Updates
April 22, 2018
Pivotal Software: Skids In IPO, Decent Potential Upside
April 20, 2018
Pivotal Software closed up 5% following IPO, raised $555 million
Stock market investors showed lukewarm enthusiasm for Pivotal Software’s debut on Friday. After pricing the IPO at $15, the company closed the day at $15.73. Although it didn’t “pop” for new investors, pricing at the midpoint of its proposed range allowed Pivotal to raise $555 million. Its public co…
April 20, 2018
Pivotal CEO Rob Mee Talks Michael Dell and Cloud on IPO Day
Company raises $555 million on first day trading.
April 20, 2018
The CEO of the $3.9 billion company at the heart of the cloud wars talks about going public after 29 years (PVTL)
Pivotal Software began trading publicly on Friday, closing up about 5% from its listing price of $15. It's now valued at $3.9 billion.
Pivotal's biggest business is in selling tools that help developers deploy their apps across Microsoft's, Amazon's, and Google's massive cloud computing platforms.…
April 20, 2018
Pivotal Software: Passing On This Cloud Offering
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