Clearlake Capital Group is acquiring Quest Software from Francisco Partners for $5.4 billion, further highlighting the importance private equity firms are placing on business applications, The Wall Street Journal reported . Quest Software, which sells products for managing access to corporate computers and data, was previously the centerpiece of Dell Technologies’ strategy for selling...
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Amazon’s Anthropic Deal Signals Cloud Sector Turbulence
You know the cloud industry is in upheaval when industry leader Amazon Web Services has to copy a tactic used by its smaller rivals to compete more effectively. The Amazon unit’s decision on Monday to invest up to $4 billion in AI startup Anthropic, as part of a broader deal in which AWS becomes the startup’s “primary cloud provider,” looks a lot like the type of equity-for-business deals AWS...
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