The enterprise-software industry is likely to be hit with more consolidation in coming years, said Jai Das, the managing director of Sapphire Ventures. Sapphire specializes in investing in enterprise-software startups, and Das knows the industry well. Something called "account control" is going to spur the shakeout, he said, because the bigger, established companies have it and the nascent ones don't. Account control is the sway that big firms have over their customers, as Das explained it,...

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