Ford invests $182.2m in cloud-based software company
Ford has invested $182.2m (£126.3m) in Pivotal, a cloud-based software company headquartered in San Francisco.
The company said the investment was part of Ford’s expansion to be both an auto and a mobility company.
Ford recently teamed up with Pivotal to deliver FordPass, a consumer experience platform which launched last month. FordPass offers services such as remote access to vehicles through a smartphone app, and mobility solutions such as parking and car sharing.
Building on this existing relationship, Ford plans to accelerate the incorporation of Pivotal’s advanced software development methodologies and technology across its IT, product development, and research and advanced engineering teams. Ford will put Pivotal’s next-generation cloud platform and analytics capabilities to use on the company’s new mobility projects – such as its on-demand Dynamic Shuttle pilot program.
Ford and Pivotal plan to open new software labs in strategic locations in both the US and Europe. The investment in Pivotal is subject to customary regulatory approval.