2018 has been a year of notable acquisitions for major IT companies

Published: December 05, 2018

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2018 saw many giant tech companies acquire cloud and software providers in large deals

Throughout much of 2018, numerous legacy tech companies have been reaching deals to acquire smaller cloud and software providers.

With the prevalence of giants like Amazon Web Services and Google having strong presences in the Cloud market, as well as young start-ups, these older tech companies need to stay relevant in this market. Acquisitions like these provide a foot in the door for the cloud market offering opportunity beyond the traditional software products these companies have provided in the past. It will be interesting to watch for acquisitions such as these in the coming years, and see what effects this will have on vendors in these markets.

Source: CNBC