Byron Deeter says here " A few years ago, most people couldn’t tell you what the cloud was. They certainly couldn’t foresee a market in which the sexy, highly anticipated consumer Internet IPOswould be flops while the seemingly nerdy sectors of cloud and enterprise computing would end up driving returns within the technology markets. For entrepreneurs and investors in cloud computing, market valuations are skyrocketing as acquisition activity heats up, the IPO markets are open, and venture dollars are finally flooding into the segment. Simply put, for participants in the cloud computing market, our time has finally come.
Businesses are moving toward cloud-based operations in a permanent way, and the fundamental business metrics of the category leaders are enjoying staggering growth as a result. A few minutes of scrolling through a few pages here gives a clear sense of the scope and potential of the market.
The IPOs of companies like WorkDay and Eloqua (then acquired), are further evidence of market support for these compelling business models. And private companies such asClearslide, Bizo and Twilio all announced significant (even market-moving) news that signaled further growth and opportunity not only for them but also for the industry at large.
BEST-OF-BREED CLOUD APPLICATIONS WILL LEAD THE NEXT WAVE OF INNOVATION.
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