VMware Tanzu (formerly Pivotal)
Financials
Estimates*
USD | 2016 | 2017 | 2018 | 2019 | 2020 |
---|---|---|---|---|---|
Revenues | 281m | 509m | 509m | 658m | 770m |
% growth | - | 81 % | - | 29 % | 17 % |
EBITDA | - | - | (146m) | (127m) | (18.0m) |
% EBITDA margin | - | - | (29 %) | (19 %) | (2 %) |
Profit | - | - | (164m) | (142m) | (131m) |
% profit margin | - | - | (32 %) | (22 %) | (17 %) |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$946m | Early VC | ||
$653m Valuation: $2.8b | Series C | ||
* | N/A | $555m Valuation: $3.9b 7.7x EV/LTM Revenues | IPO |
$2.7b Valuation: $2.7b 5.3x EV/LTM Revenues -18.5x EV/LTM EBITDA | Acquisition | ||
Total Funding | €1.5b |
Recent News about VMware Tanzu (formerly Pivotal)
EditPivotal, now part of VMware Tanzu, specializes in modernizing applications and infrastructure to enhance software delivery and operational efficiency. The company offers a comprehensive suite of products and services centered around Kubernetes, an open-source platform for managing containerized applications. These solutions cater to a diverse range of clients, including developers, IT operations teams, and business leaders across various industries such as automotive, financial services, healthcare, insurance, manufacturing, public sector, retail, and telecommunications.
Operating in the cloud computing and software development market, VMware Tanzu provides multiple editions of its Tanzu platform, including Tanzu Basic, Standard, and Advanced, each designed to meet different levels of operational complexity and business needs. The company's business model revolves around subscription-based services and consulting fees, generating revenue by offering advanced tools for DevSecOps (Development, Security, and Operations), multi-cloud management, and application modernization.
VMware Tanzu's key offerings include Tanzu Kubernetes Grid for enterprise-ready Kubernetes platforms, Tanzu Mission Control for multi-cloud Kubernetes management, Tanzu Observability for enterprise observability, and Tanzu Service Mesh for application connectivity and security. Additionally, the company provides Tanzu Labs, a consulting service to help businesses build innovative products and upgrade legacy applications.
Keywords: Kubernetes, multi-cloud, DevSecOps, application modernization, enterprise observability, container management, cloud computing, software delivery, infrastructure, consulting services.