Microsoft Corp. is concerned the companys traditional software business could evaporate in a matter of years and Board Chairman John Thompson is pushing for a more aggressive shift to cloud-based products.
Google has hired Sam Schillace, senior vice president of engineering for Box Inc., to help run engineering within its cloud division.
Salesforce agreed to buy Demandware Inc., whose cloud-based software is used by companies to run their e-commerce websites and manage store operations, for about $2.8 billion.
In a world of cloud processing and large-scale commodity clusters, many perceive mainframes as antiquated and irrelevant which couldnt be further from the truth.
There are signs that we're on the cusp of a cloud shakeout. In the last six weeks, five deals have been announced for young cloud software firms valued at $500 million or more each.