Tuesday, August 9, 2016

Pivot3 Claims Record Growth

Austin-based Pivot3, which develops converged infrastructure hardware for the data center market, claims it had record growth in the first half of 2016. The company said it increased its reenues by 103 percent in the first half of 2016, versus the second half of 2015, but did not disclose any financial details of those two periods. The company also said it grew its team by 40 percent. The company did not say how many employees it now has. Pivot3 is led by Ron Nash. The company raised $55M in funding in March, from Argonaut Private Equity and S3 Ventures, including debt from Square 1 Bank.