I think Atlassian is on a shopping spree again. After HipChat now Pivotal.
Pivotal Labs Acquired?
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Re: Pivotal Labs Acquired?
#12I really hope that this isn't just a talent acquisition or the conversion into a pure professional services agency without products... I hope that the long-term life of Pivotal Tracker can be guaranteed.
I rely on Pivotal Tracker. I actually love using it, it's made programming a joy as it's made the chore of project management a useful and almost satisfying thing to do.
In recent years I've relied on other products from companies that, having been acquired, are either "improved" so that they no longer work for my purposes or shut down.
It gives me a nagging feeling that people aren't in this to produce great products for the long term. I really want to be proved wrong, especially with Pivotal Tracker, because after having used so many other tools for project management I cannot imagine having to go back to them.
Re: Pivotal Labs Acquired?
#13Info about http://viagrapedia.com on my blog
read and order
Re: Pivotal Labs Acquired?
#14Proof perhaps that running an extremely high-quality client-services business also has potential for an exit in the same way a startup does? (Whilst also generating healthy profits in the meantime.)
I don't know why this is downvoted. Apples fall from trees, water is wet, and consulting businesses can be sold for money. Happens all the time.
Valuations are calculated very, very differently than for product businesses. There exist consultancies which have sold for amounts in excess of every YC company which has exited through today, although I don't know of any examples off the top of my head which rival Dropbox / Airbnb / etc.
But I'd you're doubting that e.g. you can sell a consultancy for $20 million or $200 million, you're doubting an observable feature of material reality.
Re: Pivotal Labs Acquired?
#15I think Atlassian is on a shopping spree again. After HipChat now Pivotal.
And every place they touch, they break the in-page search shortcut. Why can't they leave my '/' key alone? The last service it hit was bitbucket.
Re: Pivotal Labs Acquired?
#16I guess Square. Why? 1. Pivotal's business is solid, and growing. But they must feel chagrin when they can only charge consulting fees while their clients, whose products they helped build, are going to be creating hundred-millionaires in short order. This might persuade Pivotal to give up their future business potential in exchange for stock options to share in the goodness. This rules out Google. 2. Twitter doesn't…
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Re: Pivotal Labs Acquired?
#17I guess Square. Why? 1. Pivotal's business is solid, and growing. But they must feel chagrin when they can only charge consulting fees while their clients, whose products they helped build, are going to be creating hundred-millionaires in short order. This might persuade Pivotal to give up their future business potential in exchange for stock options to share in the goodness. This rules out Google. 2. Twitter doesn't…
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Re: Pivotal Labs Acquired?
#18For obvious reasons I'm guessing Twitter or Square. Though I wouldn't be surprised by a Salesforce acquisition either.
Another big Pivotal Labs client that nobody's mentioned yet is Groupon: http://pivotallabs.com/clients
Groupon is big, growing their Bay Area presence, and a Rails shop, so they're a possibility.
But I heard the acquirer is actually EMC.
Re: Pivotal Labs Acquired?
#19Companies that Pivotal has extensively worked with: Twitter, Square, and Google. The first two seem, well, obvious. I can count many Pivots that ended up at Twitter over the last 2-3 years. Both companies rely on Ruby/Java and SF's talent pool is practically drained. A Google acquisition, while far fetched, also makes sense given that Pivotal is stacked with agile/Java broskis. Hard to imagine what the Pivots would w…
I don't think they've ever worked for Square.
Re: Pivotal Labs Acquired?
#20Kind of makes me wish I had held on to Hashrocket a bit longer :)