IBM acquired Red Hat because AWS was crushing them in public cloud
Byron Deeter · 20VC: Bessemer's Byron Deeter On Lessons From Investing in 14 $Bn Companies, What The Heck Is Going On In Cloud Today and Why Cloud IPO Floodgates Are About To Burst Open · Jul 8, 2019 · at 7:35
Byron Deeter, partner at Bessemer Venture Partners, analyzes major tech acquisitions and competitive dynamics between legacy tech incumbents and public cloud leaders.
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“This record acquisition by IBM of Red Hat is really all about Amazon Web Services crushing them in public cloud, them trying to make a play for hybrid cloud more aggressively and essentially draw a buffer line where they can be relevant and aspirationally they can be a leader in the hybrid cloud space.”
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