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Cloud Communications Week in Review

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Cloud Communications Week in Review

May 03, 2014
By Rory J. Thompson
Web Editor

It seems everyone is talking about the cloud these days, and the particular area of cloud communications is also sharing the spotlight. Here are just some of the stories that made news this past week.

Hybridization is one area of the cloud that’s drawing attention. According to a recent Data Center Knowledge article, aligning private infrastructure purchasing and location plans with public cloud procurement can save customers around 20 to 40 percent while offering efficiencies and flexibility. Since the cloud economy is already driven by cost savings, hybridization will most definitely attract customers’ and potential customers’ attention. A recent study from Cloud Connect and the Everest Group backs up both the potential and the reality of hybrid cloud infrastructure, showing that 60 percent of enterprises have adopted or plan to adopt a mix of public and private cloud services and infrastructure.

Market research on IT spending trends seems to point to mobile and cloud technologies as the answer to big revenue earnings. Forrester Research (News - Alert) says that, in the U.S., business and consumer spending on technology will increase by 5.3 percent this year, totaling $1.315 trillion and 6.0 percent to $1.4 trillion in 2015, and we can thank an improving economy for it. "2014 looks like the first year since 2011 that threats of federal government shutdowns, potential failures to raise the federal debt ceiling, and austerity measures will not disrupt the prospects for U.S. economic growth," Forrester vice president and principal analyst Andrew Bartels said in a report released May 1.

Tidemark, a maker of cloud-based business analytics and planning software, announced that it has received $32 million in its latest round of funding. “Modern businesses are looking to CFOs for new ways to drive growth in an era of increasing velocity, mercurial challenges and intensifying margin pressures,” Tidemark founder and CEO Christian Gheorghe said. “We are continuing our strategy to bring innovation that helps our customers reap success and transform their organizations. With this latest financing we are able to accelerate our sales and marketing efforts and continue to further innovate so customers can move beyond managing costs to aggressively pursuing profit-driving endeavors.” The funding came from Silicon Valley Bank and existing backers Greylock Partners, Andreessen Horowitz, Redpoint Ventures, Tenaya Capital, bringing the total raised to $80 million.

Just like the clouds in the sky, technology’s cloud is always on the move as well, so be sure to check in daily for the latest updates.

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