Platformonomics TGIF is a weekly roll-up of links, comments on those links, and perhaps a little too much tugging on my favorite threads.
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The clown culture of over-promising and under-delivering has rubbed off, but (CAPEX) Clown Week is still coming! The artwork is fabulous.
I did a return appearance on the TelcoDR podcast to talk about, what else, cloud CAPEX. Even restrained myself to just one small shot at McKinsey.
News
NVIDIA’s Mainframe Envy
I have no quibble with the data center as the new unit of compute, but am skeptical NVIDIA is going to pull off its own vertically integrated stack spanning silicon, systems and software. Beyond NVIDIA, data center infrastructure is exciting again! Also we may have to integrate nuclear power plants into the new stack.
Amazon Desperately Seeks Compression Algorithm for Experience
Aspiring Technology Company Neither Interested in Technology Nor Understands Technology
The New York Times’ CEO says “we are trying to more firmly establish the Times as a world-class digital product and tech company.” Yet the database is seemingly too advanced for them.
Private Equity Buys Software Company from Private Equity: Avetta
Usually it takes just one private equity firm to ruin a software company. Imagine what happens to a software company that gets flipped among private equity firms (because markups have to happen, even if the market won’t pay them).
Previous:
Perfidious Private Equity, Software Migration Alert: Jama Software, Software Migration Alert: Everbridge, Private Equity in Action: VMware (Continued), Private Equity in Action: VMware, Private Equity Will Buy and Ruin More Software Companies, Software Migration Alert: VMware (Continued), Software Migration Alert: VMware, Software Migration Alert: Rover, Software Migration Alert: Avid Technology, Software Migration Alert: EngageSmart, This Week’s Software Migration Alerts
Private Equity Buys IT Company from Private Equity: Presidio
It is private equity all the way down:
The company has had several private equity owners since it was founded in 2003.
American Securities acquired Presidio in 2011 for an undisclosed amount and had sold it to New York-based Apollo Global Management Inc three years later for about $1.3 billion, Reuters reported at the time.
BC Partners had acquired the company in 2019 and delisted it from the Nasdaq in a $2.1 billion take-private deal, two years after Apollo Global took it public.
Presidio had acquired several smaller rivals, including Irish IT consulting firm Arkphire and Charlotte, North Carolina-based ROVE, under BC Partners’ ownership.
Private Equity in Action: VMware Customer Complaints “Unwarranted”
Private equity and the EU are a great pairing and I hope they get to spend a lot of time together:
Despite Broadcom execs’ efforts to convince people that its changes are reasonable and will eventually end up financially benefitting stakeholders, there’s still effort from industry groups to get federal regulators involved with how Broadcom is running VMware.
As reported by Dutch IT magazine Computable on Friday, representatives from Beltug, a Belgian CIO trade group; Le Cigref, a French network of companies interested in digital technology; the CIO Platform Nederland association for CIOs and CDOs; and VOICE e.V., a German association for IT decisionmakers, sent a letter [PDF] to European Commission President Ursula von der Leyen and European Commissioner Thierry Breton on Thursday to “strongly condemn” Broadcom’s businesses practices and ask the commission to take action.
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Private Equity in Action: VMware “Unease” Continues, Perfidious Private Equity, Private Equity in Action: VMware Yet Again, Private Equity in Action: VMware (Continued), Private Equity in Action: VMware, Private Equity Will Buy and Ruin More Software Companies, Software Migration Alert: VMware (Continued), Software Migration Alert: VMware
EU Insanity: Not Learning From Regulatory Failure
So do you admit the errors of your micromanaging regulatory ways or just pack up your tool bag and take it to a new market?
Too bad about the European telco market. But at least there isn’t much of a European tech market to ruin.
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EU Announces DMA Struggle Sessions, EU Insanity: AI Regulatory Suicide, EU Insanity: AI Energy Suicide, EU Insanity: The Kafka Singularity, EU Insanity: Mistral Edition, Move Fast and Regulate Things (You Don’t Understand), The EU Will Continue to Fiddle While Rome Burns, When “Move Fast and Regulate Things” Breaks Down, AI Regulation: Move Fast and Regulate Things
Tik Tok Traitors: Maria Cantwell (Continued)
Maria Cantwell (D-Washington D-West Taiwan?) looking to poison pill the Tik Tok bill in the Senate? Feel free to ask her office what is going on.
Useful Idiots, Fellow Travelers and Unregistered Foreign Agents: NYC Mayor Eric Adams
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Useful Idiots, Fellow Travelers and Unregistered Foreign Agents: Elon Musk Part II, The Donald, Jeff Yass, Microsoft Bing, DC Lobbyists Part III, Hollywood, DC Lobbyists Part II, NBA, Warner Bros. Discovery, Germany, DC Lobbyists, Elon/Twitter, The Hugo Awards, Harvard University, Wall Street, Apple
