GE invests $105 million in Pivotal

Pivotal, the company setting the new standard for enterprise PaaS, today announced that GE plans to invest approximately $105 million in Pivotal.

The companies also announced their intent to enter into a broad research and development and commercial agreement aimed at accelerating GE's ability to create new analytic services and solutions for its customers.

The investment in Pivotal and new business agreement align with GE's focus on the Industrial Internet. Over the past two decades, technology has connected people globally and created unprecedented opportunities for business and consumers.

In the next decade, the Internet will also transform industries like aviation, rail, energy, oil & gas, infrastructure and healthcare, connecting human insight with machine intelligence, advanced analytics and low-cost-sensing to drive new levels of productivity and efficiency for global industries.

The partnership with Pivotal will be key for GE's Global Software Center headquartered in San Ramon, CA. The Center is working to develop a software platform that GE will deliver as a service to industrial customers in aviation, transportation, healthcare, energy and manufacturing.

Pivotal will be a key partnership for enabling applications and analytics in the cloud, and 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. This transformation is also happening in enterprises where their environments must adapt to a world that is data-centric, requires agility and real-time response."

Bill Ruh, vice president and corporate officer, GE Global Software Center said, "It's no secret that the cloud and Big Data are driving dramatic business transformation enabling an Industrial Internet. At the heart of it is that machines can be intelligent, connected, and that we can use software to analyze the information coming out of them. To support this next frontier requires an architectural shift in how our

services are built and delivered. Pivotal is creating a platform that brings the best of the Internet - rapid application development, data analytics and cloud architecture - to enterprises