The SaaS gold rush will become the Hunger Games

Rory O’Driscoll Intelligent Connected World (ICW). Let’s walk through the details. How did we get here? We got here because the cloud model works. It works as a computer architecture, and there is no clear replacement architecture on the horizon. It works for customers by aligning incentives with vendors to keep their software working. And it works – brilliantly – as a financial model. In a world of low growth and low interest rates, SaaS looks like a perpetual motion machine and the valuations show it. Today the median SaaS multiple is 8.5x run rate versus an all-time average of 5.6x. Higher growth companies trade at even loftier multiples of 20x and 30x.

A Cisco Router Bug Has Massive Global Implications

The Cisco 1001-X series router doesn't look much like the one you have in your home. It's bigger and much more expensive, responsible for reliable connectivity at stock exchanges, corporate offices, your local mall, and so on. The devices play a pivotal role at institutions, in other words, including some that deal with hypersensitive information. Now, researchers are disclosing a remote attack that would potentially allow a hacker to take over any 1001-X router and compromise all the data and commands that flow through it. And it only gets worse from there. To compromise the routers, researchers from the security firm Red Balloon exploited two vulnerabilities. The first is a bug in Cisco’s IOS operating system—not to be confused with …