This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

EMC Acquires Pivotal Labs

Stocks in this article: EMC









HOPKINTON , Mass., March 20, 2012 /PRNewswire/ --

News Summary:

  • EMC has acquired San Francisco-based Pivotal Labs, a privately-held provider of agile software development services and tools.
  • EMC will invest to expand Pivotal's reach on a global scale, bringing Pivotal's agile consulting services expertise to an even greater number of both emerging start-ups and the world's largest businesses looking to embrace Cloud, Big Data, Social and Mobile in developing next-generation applications.
  • Pivotal's agile project management tool (Pivotal Tracker) is currently used by over 240,000 developers around the world. EMC plans to continue to invest in Pivotal Tracker to accelerate innovation in the platform and increase adoption.
  • With the addition of Pivotal, EMC adds to its portfolio the gold-standard in agile software development for customers building 'Big Data' analytic applications.
  • The all-cash transaction is not expected to have a material impact to EMC GAAP or non-GAAP EPS for the full 2012 fiscal year.
  • An online event titled " Social Meets Big Data: Live Webcast " with executives from EMC and Pivotal Labs will be broadcast today, Tuesday, March 20 - 9:45 A.M. Pacific, 12:45 P.M. Eastern and 4:45 P.M. GMT.  Event details can be found at http://bit.ly/qduws  or at EMC.com.




Full Story:

EMC Corporation (NYSE: EMC) today announced it has acquired San Francisco-based Pivotal Labs, a privately-held provider of agile software development services and tools. The all-cash transaction is not expected to have a material impact to EMC GAAP or non-GAAP EPS for the full 2012 fiscal year.

Pivotal Labs enhances EMC's powerful portfolio of products and services, which are designed to enable organizations to store, analyze and take action on 'Big Data' – datasets so large they break traditional IT infrastructures.  Earlier this year EMC introduced the Greenplum Unified Analytics Platform (UAP) that delivered, for the first time, a scale-out infrastructure for analyzing both structured and unstructured data.  Today EMC announced general availability of Greenplum Chorus – another industry first, delivering a Facebook-like social collaboration tool for Data Science teams to iterate on the development of datasets and ensure that useful insights are delivered to the business quickly.  EMC brought Data Science and its chief practitioner – the Data Scientist – to the fore a year ago at the world's first Data Scientist Summit.  With the addition of Pivotal Labs, EMC can now take datasets perfected in Greenplum Chorus and enable customers to rapidly build out Big Data applications using modern programming environments such as Ruby on Rails.

Big Data is new – so new in fact that packaged Big Data applications are scarce. Most organizations dump large volumes of data into stores like Hadoop and write custom code to extract value. However, now with Pivotal Labs, the leader in agile development practices that embrace rapid iteration, test driven development, open source tools and modern frameworks, both start-ups and global enterprise customers will have the ability to quickly build new applications and services that capitalize on Big Data.

1 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs