GE Gets In On Cloud, Big Data Action With Pivotal Investment
General Electric has invested $105 million in the Pivotal Initiative, the ambitious EMC-VMware joint venture that aims to marry cloud platform-as-a-service with big data and other services.
GE's investment gives it a 10 percent stake in Pivotal and values the newly formed company at around $1 billion. GE and Pivotal also inked a commercial and R&D agreement "aimed at accelerating GE's ability to create new analytic services and solutions for its customers," the companies said in a statement.
Next Slide >
