Cloud Computing In Financial Service Organizations While technology seems to be the cost and time efficiency driver in many industries, cloud computing is the emerging solution for the financial service industry, especially capital markets. In order for their assets to be used optimally by multiple consumers, financial organizations require ad-hoc access to significant computing resources, virtual desktops, shared data information, cost transparency, and “What-If” capabilities. I will list some of the most important cloud changing perspectives that can benefit large corporations and SMB’s: Resource Management – enables organizations to build agile, responsive data center infrastructures; Pay per Use – organizations
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How Does the Green Hat Acquisition Help IBM’s Cloud Strategy? IBM has made its intentions clear as far as cloud computing is concerned – it sees a lot of potential in this field and wants to be recognized as a serious player (See: IBM Expects to generate $7 billion In Cloud Computing Revenues By 2015: CEO). To this effect, it has invested big bucks to set up is own centers across the world (See: IBM Invests $38 million In Singapore Data Center To Address Asia-Pacific Cloud Computing Needs) besides buying up smaller companies (See: Some Recent Cloud Computing Acquisitions). This
Microsoft and HP Join Hands on the Cloud There may not be any love lost between Microsoft and Google in the cloud computing space (and elsewhere) (See: Google vs Microsoft: US Government Agrees to End Microsoft Bias and Microsoft And Google Are At It Again); however, it would seem that Microsoft is not averse to the occasional tie-up with an IT biggie, especially one who poses no direct threat to its software supremacy. Microsoft recently announced a global, four-year deal with HP to deliver its communications and collaboration applications via HP’s cloud services. As per the press release, the deal
Infographic: What’s Driving Investment in Cloud Computing? Reducing the cost of infrastructure and flexibility were the top two reasons for investing in cloud (67% and 54% of respondents respectively). Both drivers reflect the current economic climate and the fact that most IT departments are currently focused on meeting short-term goals. So there’s scope to convince organisations of the long-term benefits that cloud can bring to a company. Almost 40% of small and medium-size companies rated business continuity and disaster recovery (BC&DR) as a top-three driver, compared with just 15% of large companies — reflecting the fact that it’s harder for
Cloud Computing Startups Raise Big Money: UPDATE 4 This is the fifth in a continuing series on startups raising funding. You can read the first four in the series here: 1. Cloud Computing Startups Raise Big Money: UPDATE 3 2. Cloud Computing Startups Raise Big Money: UPDATE 2 3. Cloud Computing Startups Raise Big Money: UPDATE 1 4. Cloud Computing Startups Raise Big Money Today, there are two startups in focus – Puppet Labs and Twilio. Puppet Labs (http://puppetlabs.com): If big name investors are a sign of startup street cred, then Oregon-based Puppet Labs has it in spades. It recently
Texas Company Sues Cloud Computing Biggies For Patent Infringement There’s an old Texas saying – “Everything’s bigger in Texas”; now, it seems that Texan firm PersonalWeb (www.personalweb.com) has taken it to heart considering its suing the biggest names in the cloud computing business – Google, Amazon, VMware, EMC, NetApp and NEC. Additionally, there are some smaller players named as respondents as well, such as Dropbox and Caringo. They have been accused of using Tyler-based PersonalWeb’s patented technology as part of their distributed computing products or systems, including content addressable storage and/or distributed search engine technologies. “PersonalWeb protects its proprietary business
Cloudability Closes $1.1 Million Investment Round Led by Trinity Ventures and Walden VC, Seed Financing Will Enable Cloudability to Meet a Growing Demand for the Management of Cloud Costs and Services PORTLAND, OR – December 22, 2011 – Cloudability, the easy way to manage and monitor all of your cloud costs in one place, today announced that it has closed a Seed investment round of $1.1 million, led by Trinity Ventures and Walden VC. The round also includes $255K in funding from a local consortium of Portland –based angel investors, or over half of the angel money in the round.
