Pivot3 Says Big Growth Despite 3 Top Execs Out

By: Brian Karas, Published on Jul 26, 2016

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.

******'* *********** ******** *********, with * **** ********** out.

*******, ****** ********* ** us saying this ** *** * normal **** ** ***** rapid ****** ****, ****** multiple ****** ******** *** massive ********* ** *********** and *****.

** **** ****, ** ******* *** exits, ******'* ********** *** their *******.

[***************]

Executive **********

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

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

***** ******** *** ***** ******* **** ****** ****** **** year, *** ************ ** ** ************ from ****** ***** **** **** ********** ** "****** ******’* ********* ******* strategy *** ******* ******** the ******* ** * leader ** *** *** *******".

Other *** **********

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

  • *** *****, ** ***** ******* ******* Sales, ran ******** *****, *** spent **** ***** * years ** ******, **** April **** ** ******** 2015.
  • ***** **** *** *** ***** ** April **** ********* ** his ******** *******, *** lasted **** ** ****** at ****** ** ** Area **.
  • ***** ******** ****** *** 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 ********.

Comments (1)

Pivot 3 Pivots 3

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