Screenshot | Microsoft live stream
Adobe CEO Shantanu Narayen, Microsoft CEO Satya Nadella and SAP CEO Bill McDermott announce the Open Data Initiative at Microsoft’s 2018 Ignite conference in Orlando, Florida.
Legacy tech companies have been scooping up smaller cloud and software providers in massive deals throughout 2018.
The consolidation comes as older enterprise tech companies strive to stay relevant against the juggernaut of Amazon Web Services, as well as Google’s well-funded cloud play and a rising crop of nimble venture-backed start-ups.
On Sunday, SAP became the latest to enter the fray, paying $8 billion in cash for survey software company Qualtrics shortly before it planned to go public.
SAP is in good company. Here are some of the other giant deals done by big enterprise players this year: