Active investment community signals positive year for the cloud market
January 19, 2015
Business leaders across the globe are adopting cloud computing technologies to streamline their operations and cut costs in a variety of ways. As a result of the cloud’s emergence, there is a rising demand for competent IT managers and tech engineers who can help companies blend the technology into their existing business models.
Few can deny the cloud’s wide range of advantages. It offers easy access to massive amounts of vital information. Most cloud service providers use a “pay as you go” system, which allows business leaders to expand or reduce their cloud capacity at low costs.
Information that was formerly available through floppy disks and hard drives is now open to anyone in the company who has access to the cloud, no matter their location. This makes data sharing and backup a much smoother process.
These are just a few of the many benefits that have piqued the interest of the investment community. Many different cloud service providers of both large and small scale have lured significant capital to forward their business plans and boost product research and development, marketing and sales efforts.
Meanwhile, analysts and economists are projecting a healthy U.S. economy in 2015. This means that the cloud-based investment dollars will likely continue to flow.
IBM commits more than $1.2 billion to expand cloud footprint
IBM announced that it plans to invest more than $1.2 billion to bolster its global cloud network. The company is striving to be a key player in the cloud market, which it projects to reach $200 billion in value by the year 2020.
“IBM is continuing to invest in high growth areas,” said Erich Clementi, senior vice president of IBM Global Technology Services. “Last year, IBM made a big investment adding the $2 billion acquisition of SoftLayer to its existing high value cloud portfolio. Today’s announcement is another major step in driving a global expansion of IBM’s cloud footprint and helping clients drive transformation.”
Blue Box lures $4 million in capital
Blue Box, a private cloud firm based in Seattle, recently noted that it has secured $4 million in venture capital on top of its $10 million raise in October 2014, according to Datacenter Dynamics. The investors include Voyager Capital and an undisclosed telecommunications company.
“The combination of our unique IP and true operating experience makes it possible for Blue Box to deliver consistent, reliable, efficient and agile private cloud infrastructure as a service directly and through channel partners,” Blue Box CEO Matthew Schiltz told the news outlet.