US big data firm Pivotal today announced that it plans to invest £100 million in Tech City over the next 10 years and open its European headquarters in London.
The San Francisco-headquartered company, which storage giant EMC is spinning off as a $1 billion start-up, revealed that a chunk of the funding will be spent on a new European HQ just off Old Street’s ‘Silicon Roundabout’ in East London, while the remainder will go towards recruitment, developing talent and expanding Pivotal’s customer base across Europe, the Middle East and Africa.
Pivotal said it chose to base its European HQ in London to capitalise on the area’s creative and digital skills base.
Speaking at Pivotal’s new office, CEO Paul Martiz, said the mix of talent, infrastructure and UK government support makes Tech City one of the most exciting technology ecosystems in the world.
Pivotal said it will offer the space in the London office to a number of locally based initiatives, including the local data science community and another body that is encouraging women to choose a career in engineering.
Pivotal describes itself as a company at the intersection of big data, platform-as-a-service (PaaS) and agile development. It claims that its technology can help companies to create software applications that use big and fast data on a cloud independent platform to analyse massive data repositories from their organisation, while using familiar interfaces in a common virtual environment.