5 Cloud Computing Funding Stories You Might Have Missed, Dec. 19

Each week Talkin’ Cloud compiles a list of cloud computing financing stories for readers who might have missed the news earlier in the week. This week’s column features funding news from Optoro, EdgeWave, Rapid7, Skytap and P97 Networks.

These stories have been gathered from Talkin’ Cloud’s article database and other media sources. If we missed something, feel free to leave a comment below. We might just add it into the mix.

Here’s this week’s list of 5 Cloud Computing Funding Stories You Might Have Missed, Dec. 19.

Optoro Raises $50M in Financing for Cloud-Based Returned, Excess Inventory Platform. Optoro announced it has raised $50 million in funding for its cloud-based platform for returned and excess inventory. Kleiner Perkins Caufield Byers (KPCB) and Generation Investment Management (Generation) led the Series C financing round, with participation from existing investors Revolution Growth, Grotech Ventures and SWaN Legend Venture Partners.

5 Cloud Computing Funding Stories You Might Have Missed, Dec. 12

5 Cloud Computing Funding Stories You Might Have Missed, Dec. 5

Cybersecurity Company EdgeWave Raises $2M in Venture Funding. San Diego-based cybersecurity solutions provider EdgeWave this week announced it has received $2 million in additional Series A funds that it plans to use to expand its operations. This Series A equity financing came from investors Northgate, RWI Ventures and TVC Capital and brings EdgeWave’s total 2014 equity funding to $8 million.

Rapid7 Receives $30 Million Investment to Accelerate Growth and Strong Traction of New Security Data Analytics and Strategic Services Offerings. Security analytics software provider Rapid7 on Wednesday announced it has received $30 million from investors Bain Capital and Technology Crossover Ventures (TCV).

Click here for Talkin’ Cloud’s Top 100 CSP list

Skytap Raises $35 Million from Insight Venture Partners to Meet Growing Global Demand. Environments-as-a-service provider Skytap yesterday said it has received a $35 million investment led by Insight Venture Partners. Existing Skytap investors Ignition Partners, Madrona Venture Group, OpenView Venture Partners and Washington Research Foundation also funded the investment.

P97 Networks Closes $8 Million Series A Funding Round Led by Emerald Technology Ventures and ATAPCO. P97 Networks, a company that specializes in cloud-based mobile commerce and behavioral marketing, yesterday announced it has closed an $8 million Series A funding round. Emerald Technology Ventures led the funding round, and American Trading and Production Corporation (ATAPCO) also participated in the Series A financing.

Share your thoughts about this story in the Comments section below, via Twitter @dkobialka or email me at [email protected]

Article source: http://talkincloud.com/cloud-computing-funding-and-finance/121914/5-cloud-computing-funding-stories-you-might-have-missed-dec-19

Big Data, Cloud Computing Spur Software Innovation

When this year’s widespread technology sell-off dragged shares of Splunk down more than 61% between February and August, Thomas Vandeventer was buying.

The managing director of the Tocqueville Opportunity Fund picked up shares of the data analytics software company at 85 and 77 in March, and at 50 per share in July and September.

Splunk (NASDAQ:SPLK) turned and rose 77% from an August low through November, validating Vandeventer’s against-the-grain strategy.

Oracle Chairman Larry Ellison speaks at a San Francisco conference in September 2014. Oracle's cloud-based revenue surged 45% in its second quarter,...

Oracle Chairman Larry Ellison speaks at a San Francisco conference in September 2014. Oracle’s cloud-based revenue surged 45% in its second quarter,… View Enlarged Image

Several other database software developers also staged healthy recoveries. ServiceNow (NYSE:NOW) on Friday traded 55% above its low from early May. Tableau Software (NYSE:DATA) has climbed 69% since May.

“There wasn’t anything unique to Splunk’s sell-off that wasn’t happening with other companies in the space,” Vandeventer told IBD. “Sometimes I use the expression, ‘When all of the bath water is being thrown out, you want to try to find the baby’ and Splunk was a case of that; it was just inordinate selling.”

1.Business

Database software makers generally provide companies with more innovative ways to manage electronic data. The group received an added boost this past week from industry heavyweight Oracle (NYSE:ORCL), which surged 10% Thursday after reporting its fiscal second-quarter results after Wednesday’s close.

The company reported earnings and revenue growth for the quarter narrowly above consensus projections. But revenue from its cloud-based business — which offers software online, rather than through installation on corporate networks — rose 45% for the quarter, to $516 million. That is still a fraction of Oracle’s $9.6 billion take for Q2, but showed gathering momentum.

Smaller niche players like Splunk are also gaining momentum. Its machine-to-machine data analytics software helps companies detect bottlenecks in their data networks and software applications. Customers also use the software to locate network security breaches.

Its year-over-year quarterly revenue slowed slightly, to 48% in Q3. But EPS surged 100%, and analysts are projecting EPS of 11 cents for its 2016 fiscal year, up 175% from the 4 cents expected this year.

Splunk is among a number of companies cashing in on growing demand for managing growing amounts of electronic data, says Daniel Ives, an analyst for FBR Capital Markets Co.

“They created a new category around Big Data, and now the benefits of all of that RD, sales and marketing have started to pay off in a big way as sales have ramped and expenses have come down,” he told IBD.

Managing data is the common denominator for database software makers, but the industry’s interactions are diverse.

Article source: http://news.investors.com/business-industry-snapshot/121914-731484-oracle-splunk-tableau-software-target-big-data.htm

No Best of Breed in Cloud Computing – Yet

There is no clear winner among cloud computing vendors at the moment. But cloud professional services are growing like no other.

Technology Business Research Inc.’s (TBR) 2H14 cloud customer research reports revealed that users are jumping onto cloud professional services vendors at twice the rate of private and public cloud vendors.

The end users, TBR officials reported this month, want cloud professional services as the entry point for the guidance and education as their enterprises migrate to the cloud. 

No Winners? 

2014-19-December-Cassandra Mooshian.jpg

But is there a true best of breed in the cloud space yet?

No, says Cassandra Mooshian, an analyst in the cloud practice division for TBR, based in Hampton, N.H.

“There are currently two camps of cloud vendors,” Mooshian told CMSWire. “The ‘born on the cloud’ vendors that are targeting growth, but running at a loss, which is not sustainable over the long term. And the traditional vendors that are grappling with trying to stay true to their tenured portfolios while also appealing to cloud buyers. Neither camp is winning right now, and I think that over the long term, the ‘best of breed’ model will be some sort of hybrid between the two camps.”

Forrester did pick some individual winners of the cloud game recently.

Inside the Numbers 

TBR also predicted that public, private and hybrid cloud integration will follow cloud professional services growth in coming years — private cloud adoption rate will reach 85 percent by 2018, TBR officials projected.

TBR officials also found:

  • A 65 percent to 35 percent split for third-party-delivered private clouds to self-built private clouds, which indicates enterprises are “more comfortable with and educated on cloud and are growing their cloud-related skill sets”
  • The 2014 private cloud market opportunity is $41 billion and is expected to grow at a 15 percent CAGR to $72 billion in 2018
  • Private cloud budgets declined year-to-year in dollar value and as a percentage of cloud spend in 2H14 as the proliferation of open-source public cloud offerings gained in popularity
  • 22 percent of the large enterprise market has integrated cloud across their IT environments, creating a $7 billion hybrid integration market in 2014 

TBR surveys users in the private cloud, professional services and hybrid cloud arenas. It surveys organizations across industries — aside from those that offer cloud solutions — in the US, UK, France, Germany, India and China. In the US, it surveys companies with over 500 FTEs and all other countries, companies with more than 250 FTEs.

It has conducted cloud professional services studies since 2010 and private and hybrid cloud studies since shortly thereafter.

Google Search: ‘Cloud Services’

Mooshian said she was surprised there is still a lack of understanding around all of the capabilities a cloud solution and the best practices customers should adopt when utilizing their cloud solutions.

“So there is still a lack of vendor-led education and case studies in the market,” she said. “Many cloud buyers are still doing internet searches and looking for customer reviews.”

One thing that did not surprise the TBR analyst was that security remains the biggest barrier to cloud adoption.

But it is also, Mooshian said, “a leading benefit of private cloud adoption and cloud professional services adoption due to the inherently secure nature of these cloud delivery methods. As a result, security is also the area vendors have the most opportunity to differentiate, and since security is so important, there is more flexibility to charge higher prices.”

Some though, are still reluctant to go with a private cloud because of security and fear of giving up ownership and control, Mooshian said. 

“There is also often a conflict between the IT and LOB sides of the house among enterprises,” she said, “which then delays or stops any cloud adoption from happening.”

Title image by Chris Fifield-Smith (Flickr) via a CC BY-NC-SA 2.0 license.

commentscomments

  • Top Articles

  • Related Articles

  • Recent Comments

Useful article?

 Email It
  

  

Article source: http://www.cmswire.com/cms/information-management/no-best-of-breed-in-cloud-computing-yet-027551.php

IBM Simplifies Cloud Computing Contracts

IBM announced a new, simpler two-page cloud computing contract, along with two new cloud startups on the IBM Cloud.

IBM announced it has simplified its cloud computing contracts to make it easier for customers to enter into cloud services agreements by creating a standard, two-page form to replace longer, more complex contracts that typically required long negotiations and reviews before a deal was signed.
Big Blue said its cloud competitors require customers to review and commit to more complex contracts that commonly are at least five times longer and also incorporate terms and conditions from other Websites.
“It’s ironic that cloud computing represents a faster and more innovative approach to doing business, yet lengthy and complex cloud business contracts from most vendors remain an obstacle,” said Neil Abrams, IBM vice president and assistant general counsel, in a statement. “By dramatically simplifying and accelerating how clients contract for cloud services, IBM is making it easier and faster for companies to reap the benefits of cloud.”
For its efforts, IBM received the 2014 Innovation Award for Operational Improvement from the International Association for Contract and Commercial Management (IACCM) for transforming its cloud computing contract process.


IBM achieved its operational improvement over the course of two months and deployed it globally for all of the company’s cloud offerings. IBM’s cloud services business and clients quickly benefited from the simplified cloud contracting procedure. Indeed, IBM said customers have embraced the new cloud services agreement, which is easy to navigate and understand, dramatically reducing the time required to close a deal and for clients to enjoy the benefits of cloud.

Since 2007, IBM has invested more than $7 billion in 17 acquisitions to accelerate its cloud initiatives. Big Blue holds more than 1,560 cloud patents focused on driving innovation. And the company processes more than 5.5 million client transactions daily through IBM’s public cloud.
IBM also announced that German startup Preveniomed has chosen IBM Cloud to securely store and process patient data and health records on airplane pilots from around the world.
Preveniomed offers services and advice for aviation medicine and has doctors on staff who examine patients for fitness to fly. The startup recently decided to store its patients’ encrypted data and launch its patient-data monitoring applications on cloud infrastructure from SoftLayer. By integrating its patent data with Web-based applications hosted on the IBM Cloud, doctors at Preveniomed are able to reliably access it from anywhere knowing that it is secure.

Preveniomed worked with IBM business partner eperi to migrate to the IBM Cloud. eperi, which offers a Gateway for Databases application that is available in the IBM Cloud marketplace—encrypted all of Preveniomed’s patients’ data to comply with all of the requirements of the German Medical Council (BÄK) and the National Association of Statutory Health Insurance Physicians (KBV).
“We opted for IBM and eperi as our IT partners because it allows us to protect our patients’ data from outages with cloud infrastructure that is always available and accessible from anywhere,” said Dr. Andreas Adrian, physician and founder of Preveniomed. “Being in the very sensitive healthcare business one of the compelling reasons for the SoftLayer solution was the data protection we achieved by using the eperi encryption technology.”
In addition, IBM announced that it is working with Diabetizer, a German -based health care technology company, to leverage IBM’s Bluemix platform as a service to build and deploy a cloud-based application that improves care for diabetes patients around the world. The app enables diabetes patients to instantly access and aggregate their health data from multiple devices anywhere in the world, as well as apply analytics to control their blood sugar at precisely accurate levels.
Diabetizer’s app enables patients to aggregate blood sugar, nutritional and health data from multiple input sources such as smartphones and Web apps into one, centralized mobile portal accessible from anywhere in the world. Users also can tap into the Internet of things to directly integrate biometric data from wearable devices, analyzing physical activity along with blood sugar levels to gain a more holistic view of a diabetic’s overall health.
“Cloud technology has given us the flexibility and power we need to build an app that combines patients’ most important records into one, easily usable portal,” said Robin Hrassnigg, Diabetizer’s founder and managing director, in a statement. “Combining this centralized data with powerful analytics, we’re giving the millions of diabetes sufferers around the world the opportunity for greater mobility, more accurate treatment and more freedom from constant calculations and data logging.”
“Diabetizer, one of the first Bluemix customers in the German-speaking region, is a perfect example of how young companies can take their business ideas forward with a scalable, flexible, global cloud infrastructure,” said Sandy Carter, general manager of ecosystem development at IBM. “Using the cloud to quickly build and bring to market solutions such as the myDIABETIZER app brings a new level of agility to the way we develop—allowing us to build apps which can help alleviate some of our most pressing health issues today.”
 

Article source: http://www.eweek.com/cloud/ibm-simplifies-cloud-computing-contracts.html

HansaWorld fully switches to cloud computing service

1024×768

As said HansaWorld
Group
board member Elvis Kvalbergs,
this is a huge step forward for the company, but the main beneficiaries of this
will be company’s customers who will be able to receive more modern and more
secure service. Although there will be change in software architecture, users
will not be prompted to change their habits of use.

 

“Thus, the introduction of the new service HansaWorld will present our customers
several advantages – an opportunity to easily change the number of employees
using the system or the functionality of the software. For new customers this
will mean substantially lower initial costs, and, and in case of necessity,
will allow for more flexibility in making a decision towards switch of
system,” said HansaWorld
representative.

 

“Although Latvia has one of the fastest Internet
speeds in the world, Latvian businesses are ones of the slowest in using cloud
computing services throughout Europe (The latest Eurostat data show that
currently only 6% of the companies are using cloud computing services, whilst
in Finland the figure is as high as 51%.) “I am convinced that in order to
maintain competitiveness this year there will be a rapid increase among Latvian
companies using cloud computing services,” said Kvalbergs.

 

“With this step we will be able to provide cloud
computing services for the widest possible range of companies – starting from
micro companies and ending with the TOP 500 Latvian business leaders,”
stressed HansaWorld Group board
member.

 

Normal
0

false
false
false

/* Style Definitions */
table.MsoNormalTable
{mso-style-name:”Table Normal”;
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-parent:””;
mso-padding-alt:0cm 5.4pt 0cm 5.4pt;
mso-para-margin:0cm;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:10.0pt;
font-family:”Times New Roman”;
mso-ansi-language:
mso-fareast-language:
mso-bidi-language:}

Article source: http://www.baltic-course.com/eng/good_for_business/?doc=100377

Microsoft making gains in worldwide cloud computing battle with Amazon



Amazon Web Services Logo

​Microsoft’s Azure cloud computing service is making gains against Amazon.com Inc.’s market-leading Amazon Web Services cloud product.





Waterfront Estate on Lake Athens10 photos







Ben Miller
Contributing Editor- Puget Sound Business Journal

Email

Microsoft’s Azure cloud computing service is making gains against Amazon.com Inc.’s market-leading Amazon Web Services cloud product.

That’s according to Reuters, which reports Amazon is having a tougher sales job these days in a post Edward Snowden information leak world, because Amazon doesn’t have the worldwide presence like Microsoft (NASDAQ: MSFT) possesses.

Amazon (NASDAQ: AMZN) is reportedly losing some cloud clients to Microsoft because it doesn’t have data centers in many countries, unlike Microsoft.

Microsoft, which employs roughly 1,200 people in Irving, is able to offer companies more direct oversight over their data storage because of its broader local presence around the world.

Amazon has two North Texas fulfillment centers and 88,000 square feet of office space in North Dallas.



Article source: http://www.bizjournals.com/dallas/blog/techflash/2014/12/microsoft-making-gains-in-worldwidecloud-computing.html

Apttus Receives 2014 Cloud Computing Product of the Year Award

SAN MATEO, Calif., Dec. 16, 2014 /PRNewswire/ — Apttus, the category-defining Quote-to-Cash solution provider, announced today that TMC, a global, integrated media company, has named X-Author for Excel as a 2014 Cloud Computing Product of the Year Award winner.

The Cloud Computing Product of the Year Award, presented by Cloud Computing magazine, honors vendors with the most innovative, useful, and beneficial cloud products and services that have been brought to market in the past year.

The X-Author product line allows users to bring data from Excel, Word and the entire Microsoft Office into the Salesforce1 Platform, resulting in secure collaboration, data sharing, and boosted productivity across the enterprise. X-Author allows users to bring the immeasurable processing and analytical benefits of the cloud to their familiar Microsoft-based working environment.

“We’re extremely proud that X-Author for Excel has earned this recognition from TMC,” said Jules Ehrlich, vice president of advanced solutions at Apttus. “It serves as another indicator of X-Author’s continued growth and prominence. By allowing users to harness the advantages of the Salesforce1 Platform, without forcing users to abandon the familiar and productive Microsoft Office environment, it is a true showcase of Apttus’ utility and innovation.”

“Recognizing leaders in the advancement of cloud computing, TMC is proud to announce X-Author for Excel as a recipient of the Cloud Computing Product of the Year Award,” said Rich Tehrani, CEO, TMC. “Apttus is being honored for their achievement in bringing innovation and excellence to the market, while leveraging the latest technology trends.”

About Apttus:

Apttus, the category-defining Quote-to-Cash software company, drives the vital business process between the buyer’s interest in a purchase and the realization of revenue. Apttus is delivered on the Salesforce1 Platform, the world’s most trusted and comprehensive cloud delivery infrastructure. Applications include Quote-to-Cash Intelligence (Analytics), Configure Price Quote (CPQ), Renewals, Contract Management and Revenue Management. Additionally, Apttus’ patent pending X-Author technology enables Microsoft Office to be a user-interface with full interaction and control between Salesforce and Microsoft Office. Apttus is based in San Mateo, California, with additional offices in London, UK, Bozeman, Montana and Ahmedabad, India. For more information visit: apttus.com.

About TMC:
TMC is a global, integrated media company that supports clients’ goals by building communities in print, online, and face to face. TMC publishes multiple magazines including Cloud Computing, M2M Evolution, Customer, and Internet Telephony. TMCnet is the leading source of news and articles for the communications and technology industries, and is read by as many as 1.5 million unique visitors monthly. TMC produces a variety of trade events, including ITEXPO, the world’s leading business technology event, as well as industry events: Asterisk World; AstriCon; ChannelVision (CVx) Expo; Cloud4SMB Expo; Customer Experience (CX) Hot Trends Symposium; DevCon5 – HTML5 Mobile App Developer Conference; LatinComm Conference and Expo; M2M Evolution Conference Expo; Mobile Payment Conference; Software Telco Congress, StartupCamp; Super Wi-Fi Shared Spectrum Summit; SIP Trunking-Unified Communications Seminars; Wearable Tech Conference Expo; WebRTC Conference Expo III; and more. For more information about TMC, visit www.tmcnet.com.

Media Contact:
Kari Brownsberger
[email protected]

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/apttus-receives-2014-cloud-computing-product-of-the-year-award-300010048.html

SOURCE Apttus

Article source: http://www.cnbc.com/id/102272115

IBM Radically Simplifies Cloud Computing Contracts

ARMONK, N.Y., Dec. 18, 2014 /PRNewswire/ — IBM (NYSE: IBM) today announced that it radically simplified and made it easier for customers to enter into cloud computing services agreements by creating a standard, two-page agreement to replace longer, more complex contracts that typically required long negotiations and reviews before a deal was signed. In comparison, IBM’s cloud competitors require customers to review and commit to more complex contracts that commonly are at least five times longer and also incorporate terms and conditions from other websites.

In recognition of this achievement, IBM received the 2014 Innovation Award for Operational Improvement from the International Association for Contract and Commercial Management (IACCM) for boldly and rapidly transforming its cloud computing contract process – an achievement that significantly improved the company’s ability to quickly serve cloud computing clients around the world.

It’s ironic that cloud computing represents a faster and more innovative approach to doing business, yet lengthy and complex cloud business contracts from most vendors remain an obstacle,” said Neil Abrams, IBM Vice President and Assistant General Counsel. “By dramatically simplifying and accelerating how clients contract for cloud services, IBM is making it easier and faster for companies to reap the benefits of cloud.”

The award-winning operational improvement was achieved over the course of two months by a small team, and deployed globally for all of IBM’s cloud offerings. IBM’s cloud services business and clients quickly benefited from the substantially simplified cloud contracting procedure. Clients have embraced IBM’s new and innovative two-page cloud services agreement, which is easy to navigate and understand, dramatically reducing the time required to close a deal and for clients to enjoy the benefits of cloud.

IBM is the global leader in cloud computing with a diverse portfolio of open cloud solutions designed to enable clients for the hybrid cloud era with integration, control over data and expertise. IBM has helped more than 30,000 cloud clients around the world. Today, IBM has more than 100 cloud SaaS solutions, thousands of cloud experts with deep industry knowledge from helping clients transform, and a growing global network of cloud data centers.

Since 2007, IBM has invested more than $7 billion in 17 acquisitions to accelerate its cloud initiatives. IBM holds more than 1,560 cloud patents focused on driving innovation. IBM processes more than 5.5 million client transactions daily through IBM’s public cloud.

About IACCM
The International Association for Contract Commercial Management enables both public and private sector organizations and professionals to achieve world-class standards in their contracting and relationship management process and skills. With 30,840 members across 158 countries and 12,439 corporations, IACCM is leading the way in responding to the demands of global networked markets.

  • About
  • Latest Posts

Article source: http://cloudtweaks.com/2014/12/ibm-simplifies-cloud-computing-contracts/

Red Hat’s Profit Improves on Cloud Computing Trends

Red Hat Inc. said Thursday its results for the November quarter improved thanks to cloud computing and big data trends that have increased demand for its open-source technology.

Red Hat shares rose 10% to $67.75 in recent after-hours trading.

The company also said Chief Financial Officer Charles E. Peters, Jr., plans to retire in the…

Article source: http://www.wsj.com/articles/red-hats-profit-improves-on-cloud-computing-trends-1418939390