Cloud computing dominates Deloitte’s 2015 global venture capital confidence survey

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  • Cloud computing is the strongest technology investment sector for the third year in a row.
  • Biopharmaceuticals and robotics are the two sectors that have gained the greatest venture capital confidence from 2014 to 2015.
  • U.S. technology hubs (Silicon Valley/San Francisco, New York, Boston, Los Angeles & Chicago), Israel and Canada dominate while confidence continues to fall in Brazil and other emerging markets.

These and other insights are from

By Louis Columbus, 30 September 2015, 0 comments. Categories: Economy, Infrastructure, M&A.

Box announces Q2 financial figures, hits 50,000 customers

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Enterprise cloud storage provider Box has announced its second quarter financial results, with revenue at $73.5 million (£47.6m) and a customer base of over 50,000.

For the second quarter of fiscal 2016, ending July 31, Box announced revenue figures at an increase of 43% year over year. Billings were at $79.6m, an increase of 45% from the same period last year, while non-GAAP operating loss was at 45% of revenue, down from 57% in fiscal year 2015.

The SaaS provider noted among its 50,000...

By James Bourne, 11 September 2015, 0 comments. Categories: Economy, SaaS , Software, Storage.

Personal cloud market to hit $90bn by 2020, research study claims

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The global personal cloud market is expected to top almost $90 billion (£58.5bn) in revenue by 2020, according to the latest forecast by Allied Market Research.

The research firm anticipates a compound annual growth rate (CAGR) of 33.1% between 2015 and 2020, with growing customer awareness cited as boosting growth and personal cloud for individuals continuing to lead the market.

Individual users will comprise around 60% of total market revenue by 2020 according to Allied,...

By James Bourne, 08 September 2015, 0 comments. Categories: Economy, Infrastructure, Software.

SaaS provider Apttus raises $108m series C funding, takes aggressive approach

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Software as a service (SaaS) provider Apttus has secured $108 million (£70.4m) in series C funding, just seven months after its previous funding round.

Apttus delivers SaaS apps providing an unbroken funnel throughout the sales process, with the company claiming to pioneer the ‘quote to cash’ cycle, which is an end to end process covering an entire sales lifecycle in the cloud. The latest cash injection comes after a $37m round in September 2013 and $41m in February...

By James Bourne, 01 September 2015, 0 comments. Categories: Economy, SaaS , Salesforce, Software.

Microsoft reveals cloud growth but $3.2bn net loss in latest financial results

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Microsoft has reported a $3.2 billion net loss for the second quarter of 2015, the worst in the company’s history, but backed it up alongside continued strong cloud growth.

It was always going to look nasty. Following the $7.5bn writedown of its Nokia offshoot, the analysts were prepared to sink their teeth into the Redmond giant as its latest financial results came through. Yet Microsoft CEO Satya Nadella was unrepentant, arguing the cloud and mobile gains were pushing the...

By James Bourne, 22 July 2015, 0 comments. Categories: Collaboration, Economy, Enterprise, Microsoft, Software.

SAP’s Q215 financial results: Strong cloud growth alongside profit warnings

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It’s that time of year again. Companies are issuing their latest quarterly financial figures, and SAP’s Q215 numbers see continued growth in cloud services, but overall profits remaining relatively stagnant.

Cloud subscriptions and support for the German software giant stood at €552 million for the second quarter of 2015, a more than 100% change from the previous year. Other software licenses and support saw a 13% change at €3.51 billion. Total revenue hit...

By James Bourne, 21 July 2015, 0 comments. Categories: Economy, SaaS , SAP, Software.

The state of the cloud in 2015: “Bullish” VC firm predicts tipping point

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Bessemer Venture Partners (BVP), a venture capital firm which has been investing in cloud computing for almost 20 years, has released a bullish prediction on cloud trends in the coming years.

Software as a service (SaaS) is approaching 30% of total application spend, compound annual growth rate hitting 17.6% between 2013 and 2018. On premise, by contrast, is at 2.8%. BVP also argues the ‘tipping point’ of cloud CRM will hit in 2016; by 2018, the VC firm expects cloud CRM to...

By James Bourne, 19 June 2015, 0 comments. Categories: Economy, IaaS, M&A, SaaS , Salesforce.

The Box advantage: Growth, predictability and competitiveness

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Although Box’s stock value has had its ups and downs since its IPO in January, going public sent an important signal to investors. Aaron Levie has demonstrated that a subscription-based service is now the only viable business model in the technology industry today.

When Salesforce debuted in 2004, there was very little market awareness of recurring revenue-based business models. They were mostly associated with print media and telecoms. Eight years later, Workday’s successful...

By Tien Tzuo, 31 March 2015, 0 comments. Categories: Economy, SaaS , Software, Storage.

Research argues hidden costs contribute to a ‘cloud hangover’ for businesses

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It’s the morning after the night before. You’ve had a bit too much, your head’s pounding, and you’re frantically searching your brain for anything you might have said or did that you’ll be paying for later.

We’ve all been there. Yet according to new research from Sungard Availability Services, it’s a similar effect at work when the IT department buys cloud solutions. 87% of the 150 UK-based senior IT decision makers polled say they have...

By James Bourne, 30 March 2015, 0 comments. Categories: Adoption, Data & Analytics, Data Management, Economy, SLA, Vendors.

Oracle CTO Ellison slams Salesforce in cloud financial results discussion

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After 27 years at the top, it remains a slight culture shock to note Larry Ellison as Oracle’s chief technical officer. But despite this he’s still stealing the headlines, by telling analysts in an earnings call his belief that Oracle will sell more new SaaS and PaaS business than Salesforce in 2015.

As reported by Seeking Alpha, Ellison told...

By James Bourne, 20 March 2015, 0 comments. Categories: Economy, PaaS, Platform, SaaS , Salesforce, Software.