Pivot3 Says Big Growth Despite 3 Top Execs Out

By Brian Karas, Published Jul 26, 2016, 11:24am EDT

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 **********

* ********** ** ****** all **** *** ******* in *** **** *** months:

****** ****** [**** ** longer *********] ****** ****** ** *** of ***** **** ****. ** *** time ** *** ****, Pivot3's *** **** "****** *** ****** ** our **** ** ****** is * **** ****." Now, **** **** * year *****, ****** ** out. 

***** ******** *** ***** ******* [**** no ****** *********] **** ****** Pivot3 **** ****, *** were ******** ** ** announcement **** ****** [**** no ****** *********] ***** **** were positioned ** "****** ******’* ********* ******* strategy *** ******* ******** the ******* ** * leader ** *** *** *******".

Other *** **********

** ******** ** ***** 3, ****** *** *** other ****** ****** ******** in *** **** ****:

  • *** ***** [**** ** longer *********], ** ***** ******* Partner *****, *** ******** *****, and ***** **** ***** 2 ***** ** ******, from ***** **** ** November ****.
  • ***** **** [**** ** longer *********] *** *** ***** in ***** **** ********* to *** ******** *******, but ****** **** ** months ** ****** ** an **** **.
  • ***** ******** ****** *** company ** ***** ****, and *** ****** ** the **** ** ****** as * *** **** to **** ***** ************ business ** *** ****. Halstead **** ****** ***** just * *** ****** in *** *******, ******** it *** **** *** LinkedIn ******* (** ****** link).

 

Response **** ******

** ***** ****** *** a ******* ** *** **** recent * **********, ****** responded:

**** *** **** ****** we ****** ** *** some ***** ** *********, both ********* *** *********, as *** ******* ******* and *** ***** ******. The **** ** ****** and ****** ******* ** some, *** *** ****** it ** ************ ** represents * ****** **** the ******* **** ****. We **** **** ************ by **** ********** *** various ******** *** ******** reasons, *** *** ****** of ****** *** ********* uninterrupted.

Says Massive ****** *** *********

****** **** ***** ******** have ***** **% *** the ******** ******/******* ********* (Pivot3 ******** ****** ** February 2016) **** **-****/**-**** ** H2-2015/H1-2016. ****, ****** **** the ************ ******** *** growth ** ~**%, ****** **** ***** parts ** *** *******, but ***** **** ****** than *** ******** ******** growth **** *******.

******'* ****** ******* *** be correct, *** *** *** represent the ********* **** **** ******. Sources ***** ** *** company **** **** ** historically sales **** **** **** erratic, **** ***** ****** in **** ****** *** decline.

*******

****** ********* *** *********. With *** ******* *********** and ********* ** **********, they **** *********** ********* to ******. *******, *** continued **** ******** **** of ***** ** * ******* worth ********.

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Pivot 3 Pivots 3

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