Mergers & Acquisitions
Nov. 29, 2012
Cloud company purchases prize growth potential as well as employees
Recent purchases in cloud computing have varied in size and value, but in most cases the buyers have sought a solid employee team as well as growth and revenue potential.
Daily Journal Staff Writer
Cisco Systems Inc. made a splash earlier this month when it purchased two cloud-oriented companies for a combined $1.3 billion.
But observers say the San Jose tech giant was late to a game that is quickly making the newest batch of Silicon Valley tech millionaires. Over the past year, a handful of large technology companies have scooped up late-stage cloud startups, and the market's been gaining mom...
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