Acquisitions

Pivotal Labs Purchased by EMC: ‘Same Pivotal, Increased Velocity’

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Last week, Om Malik broke the news that Pivotal Labs, which is based in San Francisco but has an outpost in Union Square, was in talks to be acquired by a major technology company. At the time, a source told Betabeat that Pivotal had been contemplating a sale for years. “The thinking behind this move, is to scale pivotal to Sapient levels of huge,” another source familiar with Pivotal told Betabeat.

Well, late Friday, GigaOm got the exclusive: EMC Corporation, a publicly-traded Fortune 500 company that helps IT departments “accelerate the journey to cloud computing,” bought Pivotal Labs, the agile development pioneer known for its work with Twitter. (Startups bring in their tech team, who get paired with staffers called “Pivots,” who teach them agile development while working together on their product.) Read More