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Ker-ching! IBM paid 10 times Cleversafe’s funding for the startup

Anonymous Coward
Anonymous Coward

This was an odd buy for IBM. IBM generally does not pay high multiples for start ups. I think IBM needed some sort of object story for their cloud, which is getting consistently beat by AWS and Microsoft, and Cleversafe was the best of the object start ups. More about cloud, less about storage.

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