SAP joins a growing list of software giants making big acquisitions in 2018: Heres a full rundown
Summary
Legacy tech companies have been scooping up smaller cloud and software providers in massive deals throughout 2018.The consolidation comes as older enterprise tech companies strive to stay relevant against the juggernaut of Amazon Web Services, as well as Google s well-funded cloud play and a rising crop of nimble venture-backed start-ups.Red Hat will help boost IBM in the growing market for "hybrid cloud," where companies run critical business software in both their local data centers and in hosted environments from the big cloud providers like Amazon and Microsoft.The move came after Broadcoms $117 billion bid for rival Qualcomm was blocked by the Trump administration over security concerns in March.The acquisition will help Microsoft court developers as it moves beyond Windows and consumer products to promote its cloud and online services offerings.
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