Cloud Behind The Latest Spate Of Mergers And Acquistions
August 22, 2014
Grazed from Forbes. Author: Joe McKendrick.
These days, everyone wants a piece of the cloud. Technology mergers and acquisitions are on a tear for a blockbuster year, and cloud computing is responsible for much of this burst of activity.
That’s the word from EY, which finds clouds lurking behind many transactions in its latest review of M&A activity in the second quarter of this year (April to June). In total, $52.4 billion in deals were conducted across the globe, a 57% year-over-year increase. Cloud and smart mobility drove 42 percent of technology deal-making, EY estimates…
The tech world is changing faster than ever, leaving even the most savvy vendors gasping for breath (witness Microsoft’s recent struggles to keep up with the shift to mobile and cloud). The rise of cloud models means the rise of new players. The market goes to those who assemble the right mix of skilled staff and technology innovation to offer the most compelling value proposition to customers. Sometimes, parts of that combination can be bought. Cloud means new methods of delivery, new product sets, and radically changed customer expectations…
Read more from the source @ http://www.forbes.com/sites/joemckendrick/2014/08/21/cloud-behind-the-latest-spate-of-mergers-and-acquistions/