IBM to buy BlueWolf?

I’m sure you heard, but IBM is continuing their buying spree on PS firms.  Bluewolf is one of the oldest and largest Salesforce partners, and so I can see how the acquisition can bring revenue potential, but what I just don’t get is why would IBM do this?  NOTHING against BlueWolf – they’re a fine company, but I don’t see any real IP (we all know salesforce right?) and no real recurring revenue (I’m sure they have some support contracts, but it can’t be much).  I guess I just don’t see the play here.

That said, with Cloud being the buzzword going on 4 years now, I guess anyone who wants to play has to play in the sky.  Maybe that’s it?  I just don’t know.

Article on the buyout here…

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