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Pivotal announced a significant investment in Tech City UK today, to take place over the next decade. Located in East London, Tech City UK has grown into the heart of a growing startup and technology business community. Since 2009, the number of digital companies located in Tech City UK has almost doubled, and the location is now home to well-known names as well as those just starting on the path to success.
Pivotal views Tech City UK as one of the most exciting tech hubs in the world right now. While still in its infancy when compared to its Silicon Valley counterpart, Tech City UK is already responsible for numerous emerging companies, creating jobs and generating a significant economic boost to the UK.
Those in the business of building enterprise software, who are looking for ways to understand big data analytics, mobile and the cloud, may already be well aware of Pivotal. It is a company created by EMC and VMware, with additional investment from General Electric, in April 2013. While Pivotal is headquartered in the US, its Europe, the Middle East and Africa (EMEA) headquarters will be based in Old Street beginning in January 2014, boasting a staff of 75.
Paul Maritz, Pivotal’s CEO, commented: “Tech City is one of the most exciting technology eco-systems in the world right now, thanks to its fantastic and dynamic mix of talent, infrastructure and the active support of the UK government. Pivotal is a company that helps other companies rapidly accelerate their growth, and we want to play a key role in helping organisations of all sizes, from dynamic start-ups through to global enterprises, to attract talent, grow and innovate in their marketplaces. Becoming part of the Tech City community is exactly what Pivotal wanted in order to foster high growth opportunities across multiple sectors.”
In addition to the Old Street HQ, the investment will support the recruitment and development of top talent and the expansion of Pivotal’s customer base across EMEA. Another key element in Pivotal’s plans is to work with the local community and industry groups, to open an office space for use by any interested parties.