General Electric (GE), a US-listed industrial conglomerate, has invested $104m for 10% of Pivotal, a spin-out from data and cloud services provider EMC/VMware.
A GE insider said the deal was struck by its software centre’s business development team, which does venture capital, mergers and acquisitions and major partnerships, but, “since it was such a large deal, it’s not considered GE Ventures for the purpose of budget, but it went through the same channels”.
GE’s software centre will use Pivotal’s technologies…
