Acquisitions

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

Screen shot 2012-03-19 at 9.33.06 AM

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

Lulz

Wall Street Journal Discovers ‘New’ Tech Scene in ‘Silicon Square’

It's like Groundhog Day round here

You got to hand it to these real estate reporters. For the last two decades they’ve been discovering a budding tech scene in the real estate around Union Square. Call it Silicon Alley if you like, but this start-up hamlet never seems to get old.

“The emergence of Union Square as a destination for technology firms got its start several years ago. But the neighborhood’s tech community received a boost this year with the arrival of household names such as computer giant Apple Inc. and the impending arrival of user-review site Yelp,” reports the Wall Street Journal.

Are you kidding me? Apple and Yelp are about the least important pieces of the tech scene around Union Square that you could think of, despite being national names. Hysterically, the map of the tech scene which accompanies the story, entitled “Silicon Square,” can’t seem to find a single tech spaces integral to the area, like Dogpatch, Pivotal or General Assembly. Read More

Creativity

Citi Opens Space Bank in Union Square

minority-report

Citibank is taking the free lollipops to the next level.

Citibank opened The Bank of the Future in Union Square today, a flagship branch featuring technology from Singapore and Hong Kong that makes simple financial transactinos look  like something out of Minority Report.

Customers can browse banking products at one of six Read More