M&A Deal Summary

Pivotal Software Acquires Neo Innovation

On February 12, 2016, Pivotal Software acquired software company Neo Innovation from Digital Garage

Acquisition Highlights
  • This is Pivotal Software’s 2nd transaction in the Software sector.
  • This is Pivotal Software’s 3rd transaction in the United States.
  • This is Pivotal Software’s 1st transaction in California.

M&A Deal Summary

Date 2016-02-12
Target Neo Innovation
Sector Software
Buyer(s) Pivotal Software
Sellers(s) Digital Garage
Deal Type Divestiture

Target

Neo Innovation

San Francisco, California, United States
Neo Innovation, Inc. is a provider of software development and design consulting services to enterprises and governments.

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Buyer(S) 1

Buyer

Pivotal Software

San Francisco, California, United States

Category Company
Founded 2013
Sector Internet Software and Services
Employees2,971
Revenue 657M USD (2019)
DESCRIPTION

Pivotal Software, Inc. is a cloud-native platform that makes software development and IT operations a strategic advantage for customers. Pivotal Software, Inc. cloud-native platform, Pivotal Cloud Foundry, accelerates and streamlines software development by reducing the complexity of building, deploying and operating new cloud-native applications and modernizing legacy applications. This enables its customers' development and IT operations teams to spend more time writing code, waste less time on mundane tasks and focus on activities that drive business value – building and deploying software. Pivotal Software was founded in 2013 and is based in San Francisco, California.


DEAL STATS #
Overall 4 of 4
Sector: Software M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-12 Slice of Lime

Boulder, Colorado, United States

Slice of Lime LLC is a design agency that is specialized in creating web pages and mobile applications.

Buy -

Seller(S) 1

SELLER

Digital Garage

Tokyo, Japan

Category Company
Founded 1995
Sector Information Technology
Employees1,321
Revenue 38.3B JPY (2025)
DESCRIPTION

Digital Garage is a context company that operates through three business segments: information technology (IT), marketing technology, and financial technology. Digital Garage was founded in 1995 and is based in Tokyo, Japan.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1