Workday, the cloud-based HR company started by the guys who built PeopleSoft, is inching closer to going public.
The company filed to go public in July but took advantage of a provision in the regulations to postpone disclosing its financials. As it happens it lost $46.9 million in the six months ended on July 31 on revenues of $119.5 million, double its sales year-over-year. It lost $36 million in the same period last year.
It’s looking to raise at least $400 million, presumed to be a placeholder figure. It’s likely to be much bigger.
The start-up raised a total of $175 million since 2005, culminating last year with an $85 million round that valued it at a reportedly $2 billion.
Taming the Cloud Data Beast – Information Privacy & Security in the Cloud
Navigating the complex web of regulatory and compliance requirements related to the processing and storage of sensitive enterprise data in the cloud is a huge challenge for business. The cloud is borderless – so how do you cover your business risk and security requirements when your SaaS application requires your data to move out of your control and into the cloud?
In his General Session at Cloud Expo New York PerspecSys CEO David Canellos highlights some of the data residency and privacy requirements that make cloud adoption a challenge for many businesses and explores, through the use of case studies, how some innovative organizations are tackling the problem and embracing the cloud.
Enterprise Mobility and Cloud
There is an increasing demand for rendering rich content quickly on mobile devices due to the massive growth of such devices. In the past there have been silo applications that supported mobile devices, but a lot of that is being transitioned to the Cloud. The big advantage is that Cloud can handle all the key aspects of managing the data and security in a standard manner for many applications. Cloud services can provide the on demand and scalability capabilities to support such applications. Cloud services can also provide powerful capabilities to process the data and render useful information and hence processing and the deployment time may be significantly reduced. Adding Cloud to the mobile platforms is like having these platforms on steroids since they add an exciting new dimension to the management and storage of data.
Clouducation 101
Why OpenNebula? Because It Simply Works!
“Because it simply works” is the most frequent answer to the question “Why would you recommend OpenNebula to a colleague?” that OpenNebula makes to its users in a short survey that tells them how they are doing. Other frequent answers are “Because it is easy to install, maintain and update” or “Because it is easy to customize”. “Rich functionality and stability” and “support for VMware” are also frequently mentioned by the survey respondents.
How can accountancy adapt to the cloud?
The Journal of Accountancy reports that doing business in the cloud should cost less than doing business on-premise. A survey of 1,000 accounting firms found that 70% of respondents increased their use of web-based applications in the cloud between 2010 and 2012, and that cloud accounting is becoming more popular.
The article suggests doing a three-year amortisation of upfront costs for an on-premise application including servers, software licenses and installation plus estimated maintenance for 3 years and comparing that to the cost of subscribing to the cloud version of the product for three years.
“This can be applied to partial versus full cloud conversions and should be done on an application-by-application basis to determine whether there is cost savings by moving each application to the cloud,” said the Journal of Accountancy.
- In most instances, by moving accounting functions to the cloud, an SME could expect to reduce support costs …
Clouducation 101: Consumers, Web Developers & Businesses
Let’s recap: In the past two weeks we have covered the following material: Who I am What my background is Why I love everything IT What the Cloud is What the Public … Last week I ended with a question: How does the Cloud affect me as a consumer, as a business owner and as someone working for a business – ex. a mobile app developer? Let’s jump right in.
Choosing the Right Cloud Storage Options for Businesses
Sanbolic Answers the Question: StorAgility – What Is It and How Do I Achieve it?
During September, Sanbolic Will Also Explain How To, For the First Time, Confidently Move Business Critical Applications into the Public Cloud Wednesday, September 5, 11:00 a.m. – 11:45 a.m. Eastern Time Sanbolic Webinar: StorAgility™ – W
Enterprise Without Limits: A Blueprint for Organizational Agility
We are a part of a dynamically connected world where consumers are rapidly adopting new technology and dismantling business models in their wake. Disruption, unpredictability and variability happen without warning. The challenge for any organization is to evolve, to adopt new architectures and processes that increase business agility, scalability and governance/compliance and decrease risk. While cloud is complex, the consideration and adoption process can be simplified.
In his General Session, Kevin Hanes, Executive Director, Dell Service & Solutions, talks about a pragmatic approach to realizing the potential of cloud today while building a strong foundation for the future.