As a bit offtopic, I've never "heard" of Pivotal directly regarding the kind of work that they do. But I recently started using Jasmine, and decided to look into who is behind it, and I see Pivotal.<p>I think, "Oh cool. Let's see what else they do.", and man, they fund so many open source projects that are considered "standard".<p>Just take a look:<p><a href="http://pivotallabs.com/tools/" rel="nofollow">http://pivotallabs.com/tools/</a><p><a href="http://www.gopivotal.com/about-pivotal/community" rel="nofollow">http://www.gopivotal.com/about-pivotal/community</a><p>Happy to see a company push open source forward as much.
Writing is on the wall with mobile.<p>Here is a great presentation on the topic, Mobile is Eating the World. <a href="http://www.slideshare.net/bge20/2013-05-bea" rel="nofollow">http://www.slideshare.net/bge20/2013-05-bea</a><p>Disclaimer: I'm biased. I work for <a href="http://mokriya.com" rel="nofollow">http://mokriya.com</a>
The majority of stake in Xtreme Labs was bought by Chamath Palihapitiya one year ago for $20 million.
<a href="http://allthingsd.com/20120925/chamath-palihapitiya-personally-buys-majority-stake-in-mobile-development-shop-xtreme-labs/" rel="nofollow">http://allthingsd.com/20120925/chamath-palihapitiya-personal...</a><p>Now it's being sold for $65 million. I'm wondering what made Xtreme Labs three times as valuable in a year? And why Chamath sold it so quickly?
This is surprising. Consultancies are generally worth 1.25x their annual revenue, or 5x their EBIDTA meaning they are doing 52mm in annual revenue or 13mm in EBIDTA. Perhaps the multiple is significantly higher for the client book.