Happy Halloween! It’s already been a big week in the tech world (and it’s only Wednesday). Here at Pivot3, we just released news on our 2018 momentum, which continues to be outstanding with more than 50 percent growth, largely stemming from business with large enterprises and customers with complex, mission-critical use cases. We are seeing broad adoption of our Intelligent Hybrid Cloud, which accounted for more than 60 percent of new sales in Q3, for organizations requiring automation and intelligence to manage their multi-cloud environments. Read more about our Q3 accomplishments here.
Speaking of hybrid cloud, there’s big news coming from Big Blue as IBM announced plans to acquire open source software provider Red Hat Inc. in a $34 billion stock deal (a 63% premium over Red Hat’s closing share price at the end of last week, according to The Economist) that is on track to be completed in late 2019. Some industry observers are already speculating about how this deal will affect the hybrid cloud market and potentially trigger more huge mergers and acquisitions by legacy tech vendors and smaller hybrid cloud providers. What does this mean for open-source development and the cloud landscape?
In other news, Dell’s stockholder vote to determine whether it can go public through a VMware stock swap will be tougher to win as another investor publicly announced its intention to vote against the plan. And finally, Scale Computing is infusing nearly $35 million in funding to attack VMware environments through channel partner enablement and its new global strategic partnership with Lenovo. It’s always good to see smaller, private HCI vendors taking on the majors, which keeps our market segment innovative, competitive and diverse.
To learn more about Pivot3’s Intelligent Hybrid Cloud, click here.