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M&A in Cloud related stocks continues 0 comments
That is the kind of growth buyers want to see before they pull the trigger.
(PLCM) yesterday bought Accordent which had revenues of $9M at the end of 2010. It sold for $50M or a valuation metric of 5.55x Sales.
This shows how high the premiums Cloud -Based stocks demand today because of the massive growth in the Cloud Sector expected this decade.
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