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Pivotal IPO Signals Cloud Foundry Opportunity

Despite a selloff in technology shares, Pivotal Software’s IPO late last week couldn’t have come at a better time for proponents of Cloud Foundry, the platform-as-a-service (PaaS) technology and ecosystem the company seeded by contributing its base IP to the open-source community.

Shares of Pivotal, the subsidiary of Dell Technologies inherited two years ago with its $67 billion acquisition of EMC, began trading Friday on the New York Stock Exchange (NYSE), coincidently as the annual North American Cloud Foundry Summit in Boston was in its final day.

Looking to showcase the opportunity Cloud Foundry presents to customers and partners alike, the morning keynote session was briefly interrupted to live-stream Pivotal CEO Rob Mee and his top executives ringing the opening bell at the NYSE.

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