Pivot3 to Accelerate Growth of Hyper-Converged Solutions
Pivot3, Austin, Texas, announced a $45 million equity and bank financing in February.
Argonaut Private Equity, Tulsa, Okla., a new investor in Pivot3, joined S3 Ventures, Austin, Texas, InterWest Partners, Menlo Park, Calif., Mesirow Financial Private Equity, Chicago, and the Wilson Sonsini Goodrich & Rosati investment fund, Palo Alto, Calif., in providing additional equity in the closing. As a part of the recent round, Steve Mitchell, managing director of Argonaut Private Equity, joined Pivot3’s board of directors.