Pivot3 uses the open source Xen hypervisor to enable serverless computing by consolidating servers and their applications onto Pivot3's storage platform called Cloudbank. This eliminates the need for standalone application servers and provides benefits like high availability, scalability, cost efficiency and security. The Xen hypervisor gives Pivot3 the flexibility to virtualize CPU-intensive and I/O intensive applications on the storage array instead of traditional servers. Pivot3 was awarded the LinuxWorld 2008 Product Excellence Award for its serverless computing solution.