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Pivotal announces changes in executive leadership and record results

Rob Mee will succeed Paul Maritz as CEO. Paul Maritz will remain on Pivotal's Board of Directors as Executive Chairman. Pivotal announces record Pivotal Cloud Foundry financial results.

Summary
* Rob Mee will succeed Paul Maritz as Chief Executive Officer of Pivotal.
* Paul Maritz has been appointed Executive Chairman of Pivotal's Board of Directors.
* Pivotal Cloud Foundry has crossed $100 million in annual bookings run-rate.

Business Wire via ITWeb,
San Francisco, 18 Aug 2015

Pivotal announced today their board of directors has appointed Rob Mee as Chief Executive Officer. Rob Mee recently served as Pivotal's Executive Vice President of Products and Research & Development. As CEO, Rob Mee succeeds Paul Maritz, who will remain with Pivotal and serve on Pivotal's board of directors in the newly created position of Executive Chairman.

"Rob Mee has been credited for shaping the software development cultures of some of Silicon Valley's most influential and valuable companies. He's an exceptional leader and technologist, passionate about our mission, committed to our principles and values, and knows how to build a successful business," said Paul Maritz, Pivotal's Executive Chairman. "As Executive Chairman, I look forward to remaining actively engaged with Pivotal, its partners and its customers, and supporting Rob in his new role as CEO."

Pivotal's CEO Rob Mee said, "I am honoured and excited to lead Pivotal in our mission to transform how the world builds software. Paul has been instrumental in realising the vision of Pivotal and we will be forever grateful for his long-sighted leadership - he has left an indelible legacy and will continue to be an invaluable resource as our Executive Chairman."

Pivotal, the company accelerating digital transformation for enterprises, also announced Pivotal Cloud Foundry, Pivotal's cloud native platform, reached a financial milestone by crossing $100 million in annual bookings run-rate.

"Pivotal has an extraordinary opportunity to deliver differentiated value to the world's most valuable brands by providing an open and open-source cloud platform in Pivotal Cloud Foundry which is designed to support the development and deployment of modern, cloud-oriented applications and have them run on multiple clouds, private or public," said Maritz. "Crossing the $100 million dollar milestone is a great sign that Pivotal Cloud Foundry is being embraced by customers and partners and is emerging as the leading open cloud platform."

Mee said: "Entire industries, from automotive to financial services to retail, are being disrupted. Pivotal brings a transformative approach to software development to help companies thrive in a disruptive world."

Resources

* Pivotal Blog Paul Maritz "How Far We've Come"
* Pivotal Blog Rob Mee "We Transform How The World Builds Software"

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Pivotal

Pivotal is a trusted partner for IT innovation and digital transformation, enabling enterprises to provide modern software-driven experiences for their customers and workforces. The combination of leading agile development services, an open cloud platform and open suite of big data products accelerate innovation cycles for its customers across every industry. More at www.pivotal.io

(c)2015 Pivotal Software. All rights reserved. Pivotal and Pivotal Cloud Foundry are trademarks and/or registered trademarks of Pivotal Software in the United States and/or other countries.

This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) risks associated with managing the growth of Pivotal's business; (iv) competitive factors, including but not limited to pricing pressures and new product introductions; (v) Pivotal's customers' ability to transition to new products and computing strategies such as cloud computing, the uncertainty of customer acceptance of emerging technologies, and rapid technological and market changes; (vi) changes to product development timelines; (vii) Pivotal's ability to protect its proprietary technology; (viii) Pivotal's ability to attract and retain highly qualified employees; and (ix) risks related to data and information security vulnerabilities. These forward-looking statements are based on current expectations and are subject to uncertainties and changes in condition, significance, value and effect as well as other risks disclosed previously and from time to time in documents filed by EMC Corporation, the parent company of Pivotal, with the US Securities and Exchange Commission. EMC and Pivotal assume no obligation to, and do not currently intend to, update any such forward-looking statements after the date of this press release.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150818006491/en/

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