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EMC, VMware Aiming for Big Data Spinoff to Hit $1B by 2017

EMC, VMware Aiming for Big Data Spinoff to Hit $1B by 2017 - top government contractors - best government contracting event
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EMClogoEMC and VMware plan to create a big data analytics company they hope will generate $1 billion in revenue within five years, Information Week reports.

Charles Babcock writes the companies will spin off Pivotal Inc. Monday to establish a data analytics platform aimed at integrating big data in a multi-petabyte, scale-out storage system using software components.

Paul Maritz, prospective CEO of Pivotal, told financial analysts in a VMware forum March 13 that Pivotal needs a $400 million investment for this year and in 2014 in order to reach its $1 billion goal by 2017, Babcock writes.VMware

The big data analytics firm will deploy its Cloud Foundry software to host Pivotal over other clouds like Amazon Web Services‘ EC2, the report said.

Pivotal will be an independent company with its own board of directors and 500 employees jointly coming from VMware and EMC, Maritz said, according to Information Week.

Babcock writes Pivotal will in April unveil its first product, the Pivotal HD that intends to facilitate queries with a large set of data.

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Written by Ross Wilkers

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