As Big Tech Buys Up, PE Scrambles For Good Cloud Deals

Law360, New York (August 28, 2012, 8:08 PM EDT) -- IBM Corp.'s $1.3 billion acquisition of software-as-a-service company Kenexa Corp. is the latest sign that technology firms, flush with cash, are willing to pay whatever it takes to land valuable patents, people and technology. But as strategic players bid up the price of cloud computing, they are squeezing private equity shops looking to snag an undervalued up-and-comer, experts say.

Cloud-based software once looked like it would be the next hot buyout trend, with healthy recurring revenues, low capital costs and a huge pool of potential customers....
To view the full article, register now.