Pivotal® has acquired CloudCredo, a privately-held, fast-growing Cloud Foundry development and services provider based in London, United Kingdom. As part of the deal, Pivotal has also acquired CloudCredo subsidiary stayUp that specializes in the Cloud Foundry log analysis space.
CloudCredo has been working with Cloud Foundry and Pivotal since 2012 and has unrivaled experience delivering SLA-driven production services using Cloud Foundry.
This acquisition enhances Pivotal’s leadership in the Cloud Foundry ecosystem, helping many of the world’s largest enterprises use Pivotal Cloud Foundry® to create modern applications and user experiences.
SAN FRANCISCO, December 21, 2015 – Pivotal, the company accelerating digital transformation for enterprises, today announced that it has acquired London-based CloudCredo, a privately-held, fast-growing Cloud Foundry deployment and services provider, along with CloudCredo subsidiary, stayUp, a log analysis technology company for Cloud Foundry. With CloudCredo having a highly sought-after team of Cloud Foundry experts, its addition to Pivotal will better enable enterprise adoption of Pivotal Cloud Foundry.
“CloudCredo enhances Pivotal’s powerful next-generation portfolio of products and services by bringing extensive knowledge of deploying, running and customizing Cloud Foundry for some of the world’s largest and most admired brands,” said Rob Mee, CEO of Pivotal. “With this expertise, we can better help our customers transform their enterprises by embracing and leveraging Pivotal’s Cloud Native platform more quickly.“
“When we started CloudCredo, we were profoundly influenced by The Pivotal Way. It shaped our approach to modern software development, our culture promoting openness and doing things the right way, and passion for delivering differentiated value to our customers,” says Colin Humphreys, CloudCredo Co-Founder and CEO.“ Joining Pivotal allows us to operate at a global scale, overnight, and help the world's largest and most admired brands use software to transform their businesses and make an impact on the world.”
With the acquisition, CloudCredo will continue to operate in London and service its existing customers, with the mission to continue driving Pivotal Cloud Foundry growth across the world. With CloudCredo’s expertise, Pivotal will continue to better help its enterprise customers embrace and leverage the Pivotal Cloud Foundry Cloud Native platform more quickly and transform the way they build software.
“The pool of truly elite Cloud Foundry systems talent, in other words BOSH, in Europe is limited. So is the pool of services companies with a proven track record of moving the dial on training and management in cloud native development,” said James Governor, analyst and founder of RedMonk. “Pivotal gets both by acquiring CloudCredo.”
Founded in 2013, CloudCredo has been working with Cloud Foundry from day one and has unrivaled experience delivering SLA-driven services using Cloud Foundry. The company consists of a team with extensive knowledge running and customizing Cloud Foundry.
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Statements in this press release relating to Pivotal's and CloudCredo’s future plans, expectations, beliefs, intentions and prospects, including statements regarding our expectations of the benefits of the acquisition to customers, are “forward-looking statements“ as defined under the Federal Securities Laws. Such forward-looking statements are not guarantees of future performance, and you are cautioned not to place undue reliance on these forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements as a result of many 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 and CloudCredo’s businesses, including operating costs; (iv) changes to Pivotal’s software business model; (v) competitive factors, including pricing pressures and new product introductions; (vi) 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; (vii) Pivotal's ability to protect its proprietary technology; (viii) Pivotal’s ability to attract and retain highly qualified employees; (ix) Pivotal’s ability to execute on its plans and strategy; and (x) risks related to data and information security vulnerabilities. All information set forth in this release is current as of the date of this release. 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 U.S. 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 release.