Palo Alto, California-based VMware, Inc. (NYSE: VMW), an enterprise software company, completed the acquisition of Pivotal Software, Inc. a cloud-native platform provider.
The transaction represented an enterprise value for Pivotal of approximately $2.7 billion.
As a result of the completion of the acquisition, Pivotal’s Class A common stock was removed from listing on the New York Stock Exchange with trading suspended prior to the open of the market. The company will now operate as a wholly owned subsidiary of VMware.
Pivotal’s offerings will be core to the VMware Tanzu portfolio of products and services designed to help customers build, run and manage their applications, with Kubernetes as the common infrastructure substrate. The combination of Pivotal’s developer-centric offerings with VMware’s upstream Kubernetes run-time infrastructure and management tools will deliver a comprehensive enterprise solution that enables improvements in developer productivity in the creation of modern applications.
Pivotal combines cloud-native platform, developer tools, and a proven methodology to enable Global 2000 companies to build and run their most important software applications.
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