Venture Capitalists Flock To Cloud Computing Startup Dell was born in a room at the University of Austin. Facebook originated from a Harvard dorm. Box.net, tracing its origin to a room in the University of Southern California, may or may not become as large as Dell and Facebook, but if recent indications are anything to go buy, people are willing to bet big money on it. Box.net, a Silicon Valley startup that offers online file-storage and collaboration software, announced that it has obtained $48 million in fourth-round funding to finance its aggressive expansion plans. Meritech Capital Partners contributed $38 million
Startups
Update: Acquired by Apple Xcerion Develops Internet OS Which Provides More Than SaaS Xcerion AB is not a newly established company, really, it was founded in 2001 by Daniel Arthursson but attracted public attention in 2008 and 2009 when it started its Internet OS as a Web 2.0 service over the Internet. Back in 2001, cloud computing was a relatively new technology, not to speak of viable business model, so the company had to wait until 2007 to launch its online desktop that is available in the Cloud from any device or computer anywhere. The booming cloud computing market gave
Cloud Computing Sector to Witness More M&A in 2011, PwC Report The rush for cloud-based technology solutions and development of virtualization and security technologies will fuel growing interest in cloud computing during 2011 and a new wave of mergers and acquisitions (M&A) is expected, a recent report by PwC revealed. Cost savings opportunities and growing confidence in cloud computing are the driving force behind a new technology trend; namely, switching to cloud-based solutions by large and small and medium enterprises alike. Companies now have more confidence in security provided by the cloud and a growing number of businesses are migrating
GreenQloud Offers Fully Green Cloud Computing Solution GreenQloud is headquartered in Iceland and takes advantage of the country’s unique location between Europe and North America. The company boasts its product is 100% powered by renewable geothermal and hydropower energy, which is not common among Cloud Computing competitors and other industry sectors. Actually, the company – established in 2010 – offers hosting and storage for both the European and North American markets, utilizing multiple high speed fiber connections to Iceland. At present, it employs less than 10 people but offers unique opportunity to those who are really interested in protection of
IBM Executive Joins Electric Cloud SUNNYVALE, Calif., Feb. 8, 2011 — Electric Cloud®, the private development cloud company, has appointed Prathap Dendi, former business development executive for IBM, as its new vice president of business development. Dendi will be responsible for securing strategic partnerships that enhance Electric Cloud’s position as a leader in private development cloud and facilitate the company’s long-term growth. “We’re pleased to be adding Prathap to our executive team,” said Electric Cloud CEO Mike Maciag. “His contributions with partners and customers at IBM over the years have been integral to the company’s success in cloud computing and
Cloudmore Implements Unique Cloud Services Marketing Model Headed by Michael Wicander, who co-founded Cloudmore in 2004, the Swedish company managed to establish itself as one of the leading providers of cloud services in Europe in less than a decade. Headquartered in Stockholm, the company has particularly strong positions in the Nordic markets as well as in the United Kingdom and Ireland. It benefited from the booming Software as a Service (SaaS) market, starting its operations on time to be able to ride the first wave of cloud-based services in a relatively underdeveloped market niche (at that time). At present, it
Interview with Sandeep Johri, VP of Strategy and Industry Solutions at HP HP announced this week a suite of new products and services that enable businesses and governments to leverage the power of the cloud. In an exclusive interview this week with Sandeep Johri, VP of Strategy and Industry Solutions at Hewlett-Packard, Cloudtweaks discussed the latest announcement regarding Enterprise Cloud Solutions. Johri is responsible for driving the overall strategy for HP’s Enterprise Business and also is responsible for driving the industry solutions across HP. He has an MBA from Stanford University, a master’s degree in Industrial Engineering from Wayne State
