Ann: Market Update, page-52

That is true, but how did TPG come-by "Trusted Cloud"? They acquired it in 2011.

I'm sure Covata's security solution differs from what TPG currently have to offer. So maybe (like the articles suggest Re the acquisition of Trusted Cloud) TPG could see a takeover as an opportunity to widen or enhance their product line as a value added proposition for customers. Maybe they would take it over just to prevent a competitor from having it. After-all a takeover of Covata would only cost "chump change" as someone mentioned.

Financial Review Article - TPG’s $13m cloud acquisition gets the nod

Computer World Article - TPG to acquire IntraPower

Here are some quotes from the above articles;

"...despite the hefty premium, TPG founder David Teoh told The Australian Financial Review the price was a good one and providing cloud services to corporate clients would be an important new product."

RBS Morgans analyst Nick Harris said while the deal was a tiny one for TPG and would not make a dent on its bottom line, it was still a good very good move.

“Financially it’s fairly irrelevant, but strategically it makes a lot of sense," he said. “It’ll be a value add for TPG in pursuing customers."

TPG executive chairman, David Teoh, said in the same statement that the acquisition was a major step in the company’s plans to widen it's range of solutions to its business, corporate and government customers.

“Following the expansion of its nationwide high-speed telecommunications infrastructure through the acquisition of PIPE Network last year, TPG’s product set will be further enhanced by the addition of IntraPower’s TrustedCloud offering," he said.