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Ransomware? More like 'we don't care' for everyone but CISOs
Research
30 Sep 2024 | 3
Pirate equity is where firms go to die
While the announcements are always optimistic, history shows that when a technology firm is acquired by pirate equity, it means that they are in decline, expected to decline further, and are just cashing out. PE firms are notorious for selling assets, taking on huge debt, taking huge "management fees" for themselves, laying off employees with abandon, raising prices, and letting product quality go to hell or worse. And making money in the process. Has Acronis begun its decline already or is this really expected to be a rare exception to the pattern? Or are European PE firms less swashbucking than the American ones?
Biting the hand that feeds IT
