Which cloud company is next on the auction block?
May 26, 2015
Grazed from Fortune. Author: Barb Darrow.
Would-be cloud buyers and sellers play a high-stakes game of musical chairs. Buyers need technology, developer cred, and customers. Sellers need to be part of a big offering. Not everyone is going to win. With Tuesday’s news that EMC is buying Virtustream for $1.2 billion, there is one less independent cloud infrastructure provider out there. And those numbers are dwindling by the month.
In the past two years, legacy technology giants IBM IBM -1.21% , Cisco CSCO -1.06% , Hewlett-Packard HPQ -3.97% , EMC EMC -2.05% and Datapipe gobbled up SoftLayer, Metacloud, Eucalyptus, Cloudscaling, and GoGrid respectively to build their cloud stature. Now, you have to wonder what company’s next to go…
Here’s a completely unscientific and speculative take on likely acquisition targets going forward. Fortune reached out to the companies mentioned and will update this story as needed. Joyent, is a likely acquisition candidate. Two years ago, the company appointed Henry Wasik as CEO. Wasik was a former Dell exec who got to that point by selling Force10 networks to Dell at a huge premium. That got tongues wagging. Then last year, Joyent replaced Wasik with Scott Hammond, a former Cisco exec who came to that company when it bought Newscale in 2011. That was Hammond’s third successful exit to date, according to BusinessInsider. More tongue wagging…
Read more from the source @ https://fortune.com/2015/05/26/which-cloud-company-is-next-to-go/