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What's Hot in Enterprise IT/VC - Issue #74
This week has all been about the big public enterprise companies - Dropbox with hugely successful IPO, Pivotal filing S1 showing growth of enterprise move to cloud native and Saleforce buying Mulesoft; also a great read from my partner Eliot Durbin on what we learned about Enterprise adoption of cloud native from our dinner with Bessemer Ventures
Last month, we hosted a cloud native infrastructure dinner with Bessemer Ventures, bringing together next generation startups and forward-thinking enterprises across the burgeoning NYC enterprise…
Congrats to my friends @pivotal on IPO filing - shows the massive opportunity ahead as enterprises continue shift from legacy to cloud native infrastructure - still early but building fast
Remember the No Software movement? ½ of Mulesoft revenue is on-prem - as enterprises move to cloud, it’s really hybrid cloud as so many legacy apps still can’t or shouldn’t be moved - “Salesforce’s acquisition of MuleSoft adds an integration cloud and a way to connect to more hybrid cloud deployments.”
Salesforce.com is buying MuleSoft in a deal valuing the firm at $6.5 billion as Salesforce adds technology to help customers tap data from older computer systems as they move to the cloud.
Dropbox defies gravity with successful IPO, now above their last private market valutaion - a great example of bottom up expansion in the enterprise - “Shares of the file-sharing company jumped 36 percent on their first day of trading Friday. The debut is a promising sign for other start-ups.”
Oracle Corp. tumbled the most in more than six years after forecasting slowing sales growth in cloud-related products, fueling concern that the company is struggling in efforts to shift away from traditional software and become a powerhouse in programs delivered over the internet.
big move from both - Apple to bring core ML to the Fortune 500, an area they’ve struggled to gain penetration in - Apple and IBM expanded their partnership and debuted Watson Services for Core ML for corporate coders exploring artificial intelligence.
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By Ed Sim
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