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Maritz said Pivotal Initiative is expected to become known as Pivotal on April 1. Pivotal plans to release the Pivotal Platform, which combines the six components of Pivotal Initiative, in the second half of 2013, he said.
EMC Chairman and CEO Joe Tucci said that the boards of both EMC and VMware decided the big data and cloud platform markets were best addressed by a separate organization that could bring the components from both businesses together as a single family.
"[Those components] weren't part of a family," Tucci said. "Paul [Maritz] has to put them together as a family."
While some Wednesday headlines emphasized the possibility that Pivotal Initiative might have an IPO, Tucci said it is still way too early to talk about it.
"We're not thinking IPO yet," he said. "But I wanted to lay it out on the line that it's in the back of our mind."
PUBLISHED MARCH 13, 2013