GE plans strategic investment of $105 Million in Pivotal

Pivotal has announced that GE is planning to invest approximately $105 million in Pivotal’s next- generation Enterprise Platform-as-a-Service (PaaS). This strategic investment of GE will accelerate its ability to create new analytic services and solutions for its customers.

This alliance will help develop a software platform for GE to deliver services to industrial customers in aviation, transportation, healthcare, energy and manufacturing. GE’s Software Center plans to use these technologies as a standard source for delivering data management. GE will use the software platform, powered by Pivotal technology, across its businesses.

Paul Maritz, CEO, Pivotal, said, "We are experiencing a major change in the wide-scale move to cloud computing, which includes both infrastructure and the transformation of how applications will be built and used based on cloud and mobility. As one of the world’s largest industrial companies, GE’s investment underscores the profound change in business and the historic opportunity that Pivotal has in delivering a new platform to help GE’s customers succeed."

"It is no secret that the cloud and Big Data are driving dramatic business transformation enabling an Industrial Internet. Pivotal is creating a platform that brings the best of the Internet - rapid application development, data analytics and cloud architecture – to enterprises. This is aligned with many of the things we are doing at GE to help accelerate our delivery of innovation, and to bring a productivity revolution that will have a positive impact on all of us," said Bill Ruh, Vice-President & Corporate Officer, GE Global Software Center.

The investment in Pivotal and new business agreement aligns GE’s focus on the Industrial Internet.