Welcome to Axis ProRata, a podcast that takes just 10 minutes to get you smarter on the collision of tech business and politics.

I'm Danpermac. On today's show, a roller coaster day for big U.S. healthcare plans and why cities, not Congress, are the ones clipping big tech's wings.

But first, sitting in the clouds. So we spend a lot of time on this podcast talking about

big tech companies, but almost all of that revolves around consumer facing big tech companies,

like Facebook and Apple and Amazon. And sure, each of these giants also sell services to other

businesses, but their main goal is to interact with us when we're not at work. But today,

we're going to shift focus a bit and talk about enterprise software. These companies are beginning

to have the same type of impact on us at work that the Fang companies have on us at home

and are following similar sorts of trends, like moving to the cloud and moving to mobile, plus

revised interfaces that make life easier for both IT folks and the rank and moving to mobile, plus revised interfaces that make life easier for both

IT folks and the rank and file. Plus, it's really big business. Salesforce, arguably the world's

biggest pure enterprise software company, is valued at over $120 billion. Same for Adobe. Both

Workday and Service Now have market caps higher than 40 billion, and that doesn't even account for the enterprise segments of Microsoft or Amazon.

More importantly, the move into the cloud means these companies are somewhat more recession-proof than enterprise software companies of the past, when new clients would have to put up huge upfront money and sometimes even install big on-premises boxes.

So this is software as a service or SaaS, where contracts can be recurring and integration

can be kept relatively simple. In 15 seconds, we'll go deeper with John Donahoe, president

and CEO of Service Now. But first, this. There is more news out there than ever before,

but these days, it's harder than ever to

find it and to know what to trust. Axios AM takes the effort out of getting smart by synthesizing

the 10 stories that will drive the day and telling you why they matter. Subscribe at signup.axios.com,

and now back to the pro rata podcast. We're joined now by John Donahoe, president and CEO of Service Now.

John, you've been at Service Now for around two years.

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