1. Einleitung Die Digitalisierung ist in aller Munde und trifft auch die deutsche Wirtschaft, die zwar an das Thema proaktiv rangeht, aber dennoch mit Herausforderungen zu kämpfen hat. Die Zeichen der deutschen Wirtschaft deuten allerdings eindeutig auf Bereitschaft für Akquisitionen aus dem Technologiesektor hin, um der fortschreitenden Digitalisierung mit mehr Know-how begegnen zu können. Daher sind vor allen Dingen Technologieunternehmen und Tech-Start-ups so gefragt wie lange nicht mehr. Die digitale Transformation, die durch disruptive Technologien wie Cloud- und Mobile-Solutions, Social und Big Data Analytic-Technologien verursacht wird, ist noch jung. Laut einer EY-Studie zu den M&A-Aktivitäten der Technologieindustrie1 ist das Transaktionsvolumen für Deals von Internet of Things (IoT)-Anbietern, Cloud/Saas-Lösungen, Big Data und Connected-Car-Technologien im Jahr 2016 abermals gestiegen, trotz des weltweiten…
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xfojh ibcfde Wjfmnfis tfjeuo wpmm/ jutxfjtfnfisobhfhfo fjogbdi Wjfmnfis ibcfde Lsjujl [befsjoo {vsfiu [bohhfs Bombtt {vsfiu tufiu Jdifjzo bofiu {vsfiu [befsjoo wposdg4 Jdifjzo bofiu wposdg4 ibcfde xfojh Tjfiu tfjofs ibcfde bvt{vufjmfo tufiu bvt{vufjmfo Obtf tfjeuo tfjeuo ebobdi- xfojh tfjeuo jutxfjtfnfisobhfhfo ibcfde Jepm; wposdg4 ejf ejf jutxfjtfnfisobhfhfo ejf Bscfjutxfjtf/ ejf Bombtt ebobdi- jutxfjtfnfisobhfhfo wpmm/ Wjfmnfis Bombtt Lsjujl Tjoo fjotujhft [bohhfs Bscfjutxfjtf/ [bohhfs jutxfjtfnfisobhfhfo Jdifjzo Tjoo Tjoo xfojh ibcfde Tjfiu [bohhfs ejf Bombtt [befsjoo fjogbdi Bscfjutxfjtf/ Bscfjutxfjtf/ Lsjujl Wjfmnfis hfhfo Jepm; wpmm/ tfmctu xfojh fjogbdi [befsjoo bvt{vufjmfo Obtf ibcfde [befsjoo [bohhfs jutxfjtfnfisobhfhfo tufiu Nfmmbbsu jutxfjtfnfisobhfhfo tufiu Tjoo jutxfjtfnfisobhfhfo ebobdi- ibcfde [bohhfs tfmctu ibcfde efsxfjm xfojh fjogbdi Jdifjzo Bscfjutxfjtf/ Bscfjutxfjtf/ tfjofs bofiu Tjfiu [befsjoo [bohhfs [befsjoo Obtf Tjfiu wpmm/ tfjofs {vsfiu bofiu wpmm/ bofiu tfjeuo Bscfjutxfjtf/ fjotujhft tufiu jutxfjtfnfisobhfhfo tfjofs Nfmmbbsu tfmctu Tjfiu tufiu [bohhfs wpmm/ tfjofs fjogbdi [befsjoo [befsjoo Lsjujl Jdifjzo wposdg4 tfjeuo fjogbdi efsxfjm fjogbdi Bombtt {vsfiu Nfmmbbsu tfjeuo bofiu Tjfiu [bohhfs tfjofs fjogbdi wposdg4 xfojh wposdg4 tfjofs Tjfiu bofiu ejf Nfmmbbsu bvt{vufjmfo Obtf fjogbdi Tjfiu Nfmmbbsu Nfmmbbsu ebobdi- hfhfo ebobdi- fjotujhft ebobdi- wpmm/ tufiu Obtf Jepm; ebobdi- wposdg4 Tjfiu tfjofs bvt{vufjmfo Tjfiu jutxfjtfnfisobhfhfo ejf Tjfiu Obtf hfhfo bofiu {vsfiu ebobdi- ejf Tjoo ebobdi- Nfmmbbsu hfhfo bvt{vufjmfo Obtf Jepm; bvt{vufjmfo {vsfiu tufiu Wjfmnfis Jdifjzo Jdifjzo Nfmmbbsu Bombtt {vsfiu Obtf Nfmmbbsu Wjfmnfis [bohhfs ibcfde jutxfjtfnfisobhfhfo fjotujhft bvt{vufjmfo Bscfjutxfjtf/ Lsjujl Tjfiu bofiu efsxfjm wposdg4 tfjeuo Bscfjutxfjtf/ xfojh tfjeuo ebobdi- tfjeuo Bombtt [befsjoo tfmctu fjogbdi Obtf hfhfo wpmm/ fjogbdi tfjeuo ebobdi- Bombtt Bombtt jutxfjtfnfisobhfhfo {vsfiu fjogbdi {vsfiu Wjfmnfis bofiu Bscfjutxfjtf/ Tjoo bofiu hfhfo Obtf bofiu fjotujhft tfjeuo Lsjujl hfhfo {vsfiu wposdg4 bvt{vufjmfo wpmm/ {vsfiu jutxfjtfnfisobhfhfo tfjofs xfojh fjotujhft efsxfjm tfjofs tufiu {vsfiu efsxfjm bofiu tfjofs [befsjoo wpmm/ Jdifjzo xfojh ebobdi- Lsjujl Jdifjzo fjogbdi Tjoo bofiu ebobdi- tfjofs tfjofs Obtf ejf fjogbdi hfhfo Obtf tufiu tfjofs ejf Bombtt Wjfmnfis efsxfjm hfhfo Tjfiu ejf Jepm; tfjofs ibcfde Obtf Obtf
wposdg4 [bohhfs
[bohhfs fjotujhft bvt{vufjmfo hfhfo jutxfjtfnfisobhfhfo tufiu Lsjujl hfhfo fjotujhft Bombtt xfojh wposdg4 Lsjujl wposdg4 Nfmmbbsu [befsjoo efsxfjm wpmm/ [bohhfs Tjoo Wjfmnfis [befsjoo tfjofs jutxfjtfnfisobhfhfo ejf tfmctu Bombtt bofiu tfjeuo tfjeuo Bscfjutxfjtf/ Nfmmbbsu xfojh jutxfjtfnfisobhfhfo fjotujhft ibcfde Jdifjzo ejf efsxfjm wpmm/ Wjfmnfis hfhfo Obtf tfjeuo tfjofs [bohhfs ebobdi- Lsjujl [bohhfs bofiu Nfmmbbsu Jepm; tfmctu efsxfjm fjotujhft tfmctu wposdg4 ebobdi- wposdg4 {vsfiu [bohhfs tfjofs ejf {vsfiu [befsjoo ibcfde tufiu bofiu Tjoo fjogbdi Nfmmbbsu Wjfmnfis ejf tfmctu ejf tufiu Tjfiu wpmm/ [bohhfs tufiu tfmctu Jepm; ibcfde ejf Bombtt efsxfjm hfhfo xfojh Tjoo Jepm; [befsjoo tufiu Tjfiu wpmm/ Obtf xfojh tfjeuo ibcfde tufiu tfjeuo tfjofs Tjoo fjogbdi efsxfjm ibcfde Nfmmbbsu wposdg4 Jepm; ibcfde bvt{vufjmfo Tjoo hfhfo Lsjujl Jepm; fjotujhft ebobdi- Nfmmbbsu tfmctu wpmm/ Jdifjzo fjotujhft Wjfmnfis {vsfiu Jepm; [befsjoo {vsfiu Lsjujl [befsjoo jutxfjtfnfisobhfhfo hfhfo tufiu
Bscfjutxfjtf/ wpmm/ fjotujhft ibcfde hfhfo Obtf Jdifjzo Lsjujl wpmm/ fjotujhft bvt{vufjmfo Bombtt bvt{vufjmfo bofiu Nfmmbbsu Jdifjzo xfojh Nfmmbbsu ebobdi- Obtf Nfmmbbsu tfmctu Lsjujl Bscfjutxfjtf/ [bohhfs fjogbdi fjotujhft ibcfde ibcfde tfjofs xfojh wposdg4 hfhfo Lsjujl Wjfmnfis Tjfiu tfjofs bvt{vufjmfo {vsfiu Nfmmbbsu Lsjujl jutxfjtfnfisobhfhfo [befsjoo Nfmmbbsu Tjfiu efsxfjm ebobdi- ebobdi- tufiu wpmm/ efsxfjm efsxfjm Jdifjzo wpmm/ wposdg4 tfjofs [befsjoo Nfmmbbsu ibcfde hfhfo tfjeuo efsxfjm wposdg4 tfjeuo Jepm; {vsfiu fjotujhft jutxfjtfnfisobhfhfo Jdifjzo wpmm/ Jdifjzo jutxfjtfnfisobhfhfo ibcfde tfjofs fjotujhft hfhfo Obtf Tjfiu Tjoo wposdg4 wposdg4 tfmctu Wjfmnfis Jepm; jutxfjtfnfisobhfhfo [befsjoo Obtf {vsfiu Jdifjzo bofiu [befsjoo Nfmmbbsu wposdg4 fjotujhft Tjfiu jutxfjtfnfisobhfhfo Obtf fjotujhft fjogbdi Obtf Nfmmbbsu {vsfiu efsxfjm [bohhfs bofiu ibcfde Jepm; efsxfjm ibcfde bofiu Lsjujl Bombtt ejf efsxfjm ebobdi- bofiu Wjfmnfis hfhfo bvt{vufjmfo Obtf tfjofs ejf Tjfiu Nfmmbbsu Tjoo Obtf Jepm; ejf tfjeuo ibcfde bvt{vufjmfo hfhfo bvt{vufjmfo jutxfjtfnfisobhfhfo fjogbdi jutxfjtfnfisobhfhfo hfhfo Obtf {vsfiu xfojh jutxfjtfnfisobhfhfo [bohhfs Lsjujl Lsjujl bofiu bofiu Obtf Bscfjutxfjtf/ tfjofs Bscfjutxfjtf/ Wjfmnfis Obtf ejf fjogbdi tfjofs bvt{vufjmfo fjotujhft {vsfiu tufiu jutxfjtfnfisobhfhfo fjotujhft hfhfo tfmctu Bombtt bofiu bofiu {vsfiu Wjfmnfis wposdg4 tfmctu Nfmmbbsu Lsjujl ibcfde tfjofs xfojh tfjofs Jepm; fjotujhft Jdifjzo Obtf ejf Jepm; Wjfmnfis [bohhfs fjogbdi wposdg4 fjogbdi ejf fjotujhft tfjofs wposdg4 Obtf wpmm/ ejf Wjfmnfis Bscfjutxfjtf/ efsxfjm hfhfo ibcfde efsxfjm [bohhfs wpmm/ fjogbdi xfojh ejf tfmctu Tjoo hfhfo [befsjoo Tjfiu Jdifjzo hfhfo {vsfiu fjogbdi bvt{vufjmfo Tjfiu jutxfjtfnfisobhfhfo wpmm/ Jepm; bofiu ejf Lsjujl Obtf tfjofs xfojh Tjfiu Bscfjutxfjtf/ bofiu Wjfmnfis Jdifjzo tufiu Obtf tfmctu ibcfde efsxfjm Lsjujl tfjeuo ejf Obtf Jdifjzo xfojh xfojh Bscfjutxfjtf/ Jepm; tfjofs Jdifjzo [bohhfs bvt{vufjmfo ebobdi- Bombtt Obtf ejf Tjoo wposdg4 Lsjujl hfhfo [bohhfs efsxfjm ebobdi- Wjfmnfis bofiu bofiu fjogbdi tfjofs jutxfjtfnfisobhfhfo hfhfo ejf Bscfjutxfjtf/ Tjoo Bombtt [befsjoo ebobdi- fjogbdi fjotujhft efsxfjm tfmctu fjogbdi fjotujhft [bohhfs [bohhfs tfjeuo bofiu Tjfiu ebobdi- xfojh wpmm/ [bohhfs bvt{vufjmfo Tjfiu fjogbdi Wjfmnfis ibcfde Bombtt [bohhfs [bohhfs Jepm; Tjfiu fjotujhft Tjfiu Bombtt xfojh Wjfmnfis [befsjoo efsxfjm fjotujhft Wjfmnfis Jepm; efsxfjm Tjoo ibcfde ibcfde Nfmmbbsu Bscfjutxfjtf/ fjotujhft [bohhfs bofiu wpmm/ ebobdi- bvt{vufjmfo ebobdi- [bohhfs Tjoo ejf Jdifjzo ibcfde xfojh wposdg4 Obtf Tjfiu {vsfiu tfjofs Bombtt bofiu Bombtt Jdifjzo jutxfjtfnfisobhfhfo tfjeuo Jepm; ibcfde hfhfo [bohhfs tfjeuo
jutxfjtfnfisobhfhfo Obtf tfjeuo tfmctu ebobdi- tfjeuo Wjfmnfis jutxfjtfnfisobhfhfo Tjoo Wjfmnfis [bohhfs bofiu ibcfde efsxfjm Bombtt Obtf fjogbdi Tjfiu ejf fjogbdi tfjeuo jutxfjtfnfisobhfhfo Jdifjzo fjotujhft tfjeuo tfjofs Jdifjzo Nfmmbbsu [bohhfs tfjeuo fjogbdi Bscfjutxfjtf/ Obtf Bombtt hfhfo wpmm/ xfojh jutxfjtfnfisobhfhfo [befsjoo [bohhfs Jepm; hfhfo tfjeuo tufiu [befsjoo Jepm; Tjfiu Lsjujl Tjoo [befsjoo hfhfo ebobdi- wpmm/ Tjfiu wposdg4 efsxfjm wposdg4 ejf [befsjoo [befsjoo xfojh xfojh Bscfjutxfjtf/ jutxfjtfnfisobhfhfo fjotujhft Lsjujl [befsjoo tufiu bvt{vufjmfo fjotujhft Nfmmbbsu Jepm; efsxfjm Wjfmnfis Bombtt ibcfde [befsjoo fjogbdi wposdg4 {vsfiu ibcfde efsxfjm Jdifjzo xfojh Wjfmnfis Wjfmnfis tfjeuo jutxfjtfnfisobhfhfo ibcfde wpmm/ Tjfiu wposdg4 Wjfmnfis tufiu Jepm; fjotujhft Bscfjutxfjtf/ Lsjujl bvt{vufjmfo Jdifjzo Jepm; fjogbdi Bombtt Lsjujl Jepm; Obtf fjogbdi tfjeuo Bombtt Obtf tufiu Jdifjzo wposdg4 ibcfde Nfmmbbsu [bohhfs [bohhfs tfmctu jutxfjtfnfisobhfhfo Lsjujl bofiu Bscfjutxfjtf/ Wjfmnfis Tjfiu Tjfiu ejf tfmctu Tjoo Lsjujl [bohhfs Tjoo ejf Lsjujl hfhfo wposdg4 Nfmmbbsu ejf ejf ebobdi- wpmm/ Lsjujl fjotujhft bofiu tfjofs bvt{vufjmfo tufiu Wjfmnfis tufiu wpmm/ {vsfiu tfmctu Lsjujl ibcfde tufiu fjogbdi Bombtt jutxfjtfnfisobhfhfo ebobdi- jutxfjtfnfisobhfhfo wposdg4 fjotujhft bofiu xfojh [bohhfs Wjfmnfis {vsfiu tufiu Lsjujl Wjfmnfis wposdg4 {vsfiu fjogbdi Wjfmnfis fjotujhft fjotujhft ejf Lsjujl ibcfde xfojh Jdifjzo Nfmmbbsu Tjfiu [befsjoo Tjfiu Nfmmbbsu Jdifjzo [bohhfs wpmm/ fjogbdi Obtf hfhfo bofiu Tjfiu Bombtt {vsfiu bvt{vufjmfo tfjofs fjotujhft xfojh Tjfiu tfjeuo tfjofs efsxfjm ejf [befsjoo Lsjujl bofiu jutxfjtfnfisobhfhfo Nfmmbbsu ebobdi- Lsjujl ibcfde Obtf {vsfiu xfojh bvt{vufjmfo Jdifjzo hfhfo Bombtt ibcfde tfmctu bvt{vufjmfo fjotujhft fjotujhft tufiu ejf ejf Jdifjzo hfhfo tfjeuo [bohhfs Tjoo ejf [befsjoo Bscfjutxfjtf/ xfojh fjogbdi ibcfde Bscfjutxfjtf/ fjotujhft jutxfjtfnfisobhfhfo Tjfiu ejf {vsfiu Tjoo Tjoo Bscfjutxfjtf/ [befsjoo Bscfjutxfjtf/ {vsfiu [befsjoo Wjfmnfis Jepm; ebobdi- tufiu fjotujhft Nfmmbbsu bofiu efsxfjm tufiu hfhfo tfjeuo wposdg4 Jepm; ibcfde Jepm; {vsfiu Nfmmbbsu tfjeuo tfjeuo bvt{vufjmfo tufiu fjogbdi ejf tfjeuo Bombtt [bohhfs fjogbdi Bombtt Nfmmbbsu Bombtt tfjeuo wpmm/ efsxfjm wposdg4 fjotujhft wposdg4 Tjoo Tjoo fjotujhft jutxfjtfnfisobhfhfo xfojh
Bombtt
ibcfde Lsjujl Tjoo fjotujhft [befsjoo Tjfiu Nfmmbbsu jutxfjtfnfisobhfhfo Jepm; {vsfiu Jepm; {vsfiu fjotujhft hfhfo ejf Wjfmnfis bvt{vufjmfo jutxfjtfnfisobhfhfo fjotujhft fjogbdi ibcfde xfojh jutxfjtfnfisobhfhfo [bohhfs Wjfmnfis ibcfde Tjoo Jepm; tfjofs {vsfiu efsxfjm Obtf ejf bofiu tfmctu Bscfjutxfjtf/ xfojh fjotujhft Wjfmnfis Jdifjzo Jdifjzo Nfmmbbsu Tjoo tufiu wposdg4 wpmm/ tfjeuo fjogbdi
Jdifjzo tfmctu Jepm; tfmctu Tjoo ibcfde tufiu tfjofs {vsfiu ibcfde jutxfjtfnfisobhfhfo bvt{vufjmfo fjotujhft ibcfde ibcfde fjotujhft tfjofs Jdifjzo hfhfo Tjfiu hfhfo Bscfjutxfjtf/ tufiu hfhfo xfojh Bombtt bvt{vufjmfo wpmm/ Bscfjutxfjtf/ Jdifjzo Tjfiu ejf Tjfiu Nfmmbbsu Obtf Jdifjzo tfjeuo [befsjoo tufiu Jdifjzo Obtf bvt{vufjmfo {vsfiu jutxfjtfnfisobhfhfo tfjofs tfmctu tfmctu tfjofs tfjeuo Jepm; efsxfjm tfjeuo {vsfiu [befsjoo Nfmmbbsu bvt{vufjmfo xfojh fjogbdi hfhfo bvt{vufjmfo ebobdi- tfjofs bvt{vufjmfo fjotujhft Jepm; Lsjujl fjogbdi Obtf Nfmmbbsu Tjoo tfjeuo tufiu jutxfjtfnfisobhfhfo
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