Pivot3 Says Big Growth Despite 3 Top Execs Out

By Brian Karas, Published Jul 26, 2016, 11:24am EDT (Info+)

Pivot3's significant turnover continues, with 3 more executives out.

However, Pivot3 responded to us saying this is all a normal part of their rapid growth rate, citing multiple record quarters and massive expansion of engineering and sales.

In this note, we examine the exits, Pivot3's statements and their outlook.

Executive **********

* ********** ** ****** *** **** the ******* ** *** **** *** months:

****** ****** [**** ** ****** *********] ****** ****** ** *** ** ***** **** ****. ** *** **** ** his ****, ******'* *** **** "****** *** ****** ** *** **** at ****** ** * **** ****." Now, **** **** * **** *****, Keelan ** ***. 

***** ******** *** ***** ******* [**** ** ****** available] also ****** ****** **** ****, *** were ******** ** ** ************ **** Pivot3 [**** ** ****** *********] ***** **** were positioned ** "****** ******’* ********* ******* ******** *** further ******** *** ******* ** * leader ** *** *** *******".

Other *** **********

** ******** ** ***** *, ****** has *** ***** ****** ****** ******** in *** **** ****:

  • *** ***** [**** ** ****** *********], ** North ******* ******* *****, *** ******** *****, and ***** **** ***** * ***** at ******, **** ***** **** ** November ****.
  • ***** **** [**** ** ****** *********] *** was ***** ** ***** **** ********* to *** ******** *******, *** ****** only ** ****** ** ****** ** an **** **.
  • ***** ******** ****** *** ******* ** March ****, *** *** ****** ** the **** ** ****** ** * key **** ** **** ***** ************ business ** *** ****. ******** **** Pivot3 ***** **** * *** ****** in *** *******, ******** ** *** from *** ******** ******* (** ****** link).

 

Response **** ******

** ***** ****** *** * ******* on *** **** ****** * **********, ****** responded:

**** *** **** ****** ** ****** to *** **** ***** ** *********, both ********* *** *********, ** *** company ******* *** *** ***** ******. The **** ** ****** *** ****** appeals ** ****, *** *** ****** it ** ************ ** ********** * change **** *** ******* **** ****. We **** **** ************ ** **** departures *** ******* ******** *** ******** reasons, *** *** ****** ** ****** has ********* *************.

Says Massive ****** *** *********

****** **** ***** ******** **** ***** 65% *** *** ******** ******/******* ********* (Pivot3 ******** ****** ** ******** ****) **** H2-2014/H1-2015 ** **-****/**-****. ****, ****** **** the ************ ******** *** ****** ** ~**%, ****** than ***** ***** ** *** *******, but ***** **** ****** **** *** security ******** ****** **** *******.

******'* ****** ******* *** ** *******, *** may *** ********* *** ********* **** **** ******. Sources ***** ** *** ******* **** told ** ************ ***** **** **** **** erratic, **** ***** ****** ** **** growth *** *******.

*******

****** ********* *** *********. **** *** NextGen *********** *** ********* ** **********, they **** *********** ********* ** ******. However, *** ********* **** ******** **** of ***** ** * ******* ***** ********.

Comments (1)

Pivot 3 Pivots 3

Agree
Disagree
Informative
Unhelpful: 1
Funny: 6
Login to read this IPVM report.
Why do I need to log in?
IPVM conducts reporting, tutorials and software funded by subscriber's payments enabling us to offer the most independent, accurate and in-depth information.
Loading Related Reports