Cloud Computing Companies Worth Investing In

Cloud computing is one service that businesses operating in today's world cannot function without. The increased use of the web has led to a demand for data access and storage. A majority of enterprises cannot afford to run their own servers, and that make cloud computing service providers extremely necessary for business growth. Cloud computing companies are sprouting all over the place with almost every tech startup touching on some form of the service. Some such as Amazon Web Services and Microsoft Azure have already proliferated the market and have billions in funding for their various products. An investor looking to get into the cloud computing business can put money in one or two of the most promising enterprises currently in place, and the choices are many.

Oracle is an old name in the computing world with a majority of entrepreneurs already familiar with most of its services. The cloud computing section of the company has done pretty well with revenues in the first quarter, 2016, gaining 57%. With information from online resources such as CMC Markets, it is possible to see where the Oracle (ORCL) stock lies. With the high-profit margins that the company is enjoying from its cloud services, it is well positioned to capitalise on the increasing demands, making it a healthy venture to invest in.

The vendor offers enterprise resource planning, which is one service that has been on a steady upward trend for the past few years. It started in 2009 and at presently employs 450 people. Based in San Francisco, the vendor is getting a lot of financial support with investors such as Technology Crossover Ventures and Salesforce Ventures, and sinking in 110 million. Advent International also put in 50 million a year before that. The fresh funding is dedicated to developing new products, marketing and sales. In 2014, the company had a revenue run rate of 50 million and a yearly subscription rate of 91%. With the fresh injection of cash, Financial Force has the resources to work on new concepts and position itself even higher on the cloud computing chain, thus making it a profitable exploit for an investor.

The service provider is relatively new, having begun operations in 2011. BetterCloud provides products from Microsoft and Google platforms. Its founder, David Politis previously worked for Cloud Sherpas, the service provider for Google Apps. For that reason, its earlier services focused on Google apps, but now it is getting into Microsoft. With its base in New York, BetterCloud wants to concentrate on providing new cloud computing insights. The company just recently received 25 million to work on its office programs. Its customer base is apparently at 50,000, and increased resources will only serve to grow that number as the provider continues to launch suitable cloud products for businesses.

If your investment is focused on startups, then this new player in the cloud computing market is an ideal consideration. Hedvig has been in stealth development for over three years working on storage software products. These products are structured to operate in hybrid, public and private clouds, in addition to data centres. Its CEO used is responsible for co-developing Cassandra, Facebook's open source system for distributed database management. He also co-created Amazon's Dynamo. Just recently, Hedvig received seed money amounting to 12.5 million, with Atlantic Bridge and True Ventures leading the pack.

Workday has been in cloud computing for decades. It was one of the pioneer of ERP services for entities. Over the years, it has offered quality products that have solidified its position among the top cloud providers globally. Workday has been a significant player in the human capital management sector. In 2016, the software provider got together with IBM to strengthen its PaaS and IaaS part of the business. A potential investor has a lot to look forward to with this particular cloud computing company.

The cloud computing business will keep racking in profits as long as big data companies exist. IT has grown into one of the core functions of enterprises today regardless of size. Organisations will keep demanding cloud computing produces, and that means a ready market for providers and excellent prospects for startups. An investor can find a cloud computing company that aligns with their financial needs and bank on its future.