California software as a service company Provade Inc., which has a product development office in downtown Milwaukee, said Tuesday it raised $3 million in new funding. San Mateo, Calif.-based Provade focuses on vendor management system technology for global work force spend management. The financing round was led by Palo Alto, Calif.-based Asset Management Company. Also participating were Menlo Park, Calif.-based Altos Ventures and Harbor Pacific Capital, also of Palo Alto. With the latest funding, total venture investment in the company now exceeds $23 million. Read more: Provade raises $3M in new funding – The Business Journal of Milwaukee
by cloudtweaks on July 29, 2010
in Business, Cloud Computing, Computing, Invest, IT, Lists, Partnerships, SaaS, Security, Stocks, Technology, Tools, Venture Capital
Top 10 Cloud Computing Venture Capital Firms To Help Build Your Business For more than 30 years, NEA has been helping to build great companies. Our committed capital has grown to $11 billion and we’ve funded more than 650 companies in the Information Technology, Energy Technology and Healthcare sectors. For more than 49 years, Norwest Venture Partners (NVP) has actively partnered with entrepreneurs to build and grow successful businesses. The firm manages more than $3.7 billion in capital, has funded over 450 companies since inception and has demonstrated an exemplary track record producing premier investment returns during differing capital market
ENJOY THE FULL ARTICLE!
by cloudtweaks on July 21, 2010
in Business, Cloud Computing, Force.com, IT, Press Release, SaaS, Security, Storage, Technology, Venture Capital
PALO ALTO, CA, Jul 20, 2010 (MARKETWIRE via COMTEX) — VMware, Inc. (VMW 72.42, -0.93, -1.27%) , the global leader in virtualization solutions from the desktop through the datacenter to the cloud, today announced financial results for the second quarter 2010: Revenues for the second quarter were $674 million, an increase of 48% from the second quarter of 2009. – GAAP operating income for the second quarter was $101 million, an increase of 166% from the second quarter of 2009. Non-GAAP operating income for the second quarter was $187 million, an increase of 94% from the second quarter of 2009.
ENJOY THE FULL ARTICLE!
by cloudtweaks on July 19, 2010
in Apps, Cloud Computing, Computing, Event Partners, Google Cloud, Hadoop, Invest, IT, Open Source, SaaS, Security, Storage, Technology, Venture Capital
Cloupia was founded by experienced entrepreneurs and funded by Silicon Valley angel investors to create the foundation for next-generation cloud technologies. We are a group of seasoned professionals with complementary IT backgrounds joining forces to help businesses with complex IT needs ranging from small business to large enterprises. Our corporate headquarters is based in Santa Clara, California and development center in Hyderabad, India. Fusepoint is a privately held company with data centres in Vancouver, Toronto, and Montreal. Through our proven record of success we have built a loyal customer base and developed solid strategic partnerships with industry leaders such as
ENJOY THE FULL ARTICLE!
by cloudtweaks on July 16, 2010
in Amazon, Cloud Computing, Computing, IT, Lists, SaaS, Storage, Technology, Trends, Venture Capital
Nimbula – Cloud Operating System technology delivers Amazon EC2-like services behind the firewall. Allowing customers to efficiently manage both on- and off-premises resources, Nimbula Director quickly and cost effectively transforms under-utilized private data centers into muscular, easily configurable compute capacity while supporting controlled access to off-premise clouds. Okta, – A startup helping companies manage applications running on cloud infrastructure, recently announced that it has raised $10 million in a first round of venture funding. Appirio – Is a cloud solution provider offering products and professional services that help enterprises accelerate their adoption of cloud technologies. Appirio’s innovation and expertise have
ENJOY THE FULL ARTICLE!
ST. LOUIS, July 12 /PRNewswire-FirstCall/ — Savvis, Inc. (Nasdaq: SVVS), a global leader in cloud infrastructure and hosted IT solutions for enterprises, today announced that it plans to release its second quarter 2010 financial results before the market opens on Monday, July 26, 2010. Company executives will host a financial analyst call at 10 a.m. EDT that morning, to discuss second quarter earnings and to provide a general business update. The dial-in number for financial analysts in North America is (866) 835-8906 or (703) 639-1413 for international analysts. To participate, please dial in a few minutes before the scheduled time.
ENJOY THE FULL ARTICLE!
by cloudtweaks on July 7, 2010
in Business, Cloud Computing, Computing, Host, Invest, Press Release, SaaS, Security, Stocks, Storage, Technology, Venture Capital
Industry’s Fastest-Growing Email Archiving Provider Gains Efficiency and Flexibility for Its Tier 1 SaaS Deployment REMONT, CA, Jul 07, 2010 (MARKETWIRE via COMTEX) — 3PAR(R) (PAR 9.10, -0.30, -3.19%) , the leading global provider of utility storage, announced today that Smarsh, the managed service leader in secure, innovative, and reliable email archiving solutions, has deployed 3PAR Utility Storage within its secure cloud infrastructure. Smarsh deployed a highly scalable 3PAR InServ(R) T-Class Storage Server to support its Microsoft(R) SQL Server(R) database, and a second T-Class array to handle backup and recovery. As a result, the hosted service provider reduced its database
ENJOY THE FULL ARTICLE!
by cloudtweaks on July 5, 2010
in Business, Cloud Computing, Invest, IT, Press Release, Security, Stocks, Technology, Trends, Venture Capital
SAN FRANCISCO (Dow Jones)-BMC Software Inc. (BMC) made its name doing the unglamorous work of streamlining corporate data centers. Now it is riding one of the technology industry’s biggest waves: cloud computing. Over the past 18 months, BMC has begun helping clients build and manage more than 150 cloud-based data centers. The company’s customers include Concur Technologies Inc. (CNQR) and Rackspace Hosting Inc. (RAX). BMC also has introduced new cloud products. In May, it rolled out BMC Cloud Lifecycle Management, software for building and operating cloud-based data centers. The Houston-based company also plans to introduce more cloud-related IT products. “The
ENJOY THE FULL ARTICLE!
