Watch out for Adobe to make some big cloud acquisitions this year
January 30, 2015
Grazed from BusinessInsider. Author: Julie Bort.
With the long-awaited IPO of cloud storage company Box now a bona fide success, what’s next for the hot cloud computing industry? We talked to early Box investor Byron Deeter, a partner at Bessemer Venture Partners who created BVP’s index of public cloud companies.
Since creating that index in 2013, the market cap of public cloud companies has grown from $100 billion to $165 billion, and there are now 25 cloud companies with valuations over $1 billion…
So cloud computing is no long "coming" but definitely here and creating the next set of ginormous companies…