VCs Spend $6.9 Billion on Cloud Startups

Venture capitalists devoted $6.9 billion in 2011 to cloud startups, which is an increase of 68% over 2010, according to this InformationWeek article. Author Patrick Houston recommends that enterprises develop a rigorous process for vetting IT cloud tools and vendors now to prepare yourself for the onslaught of new cloud services that will be coming soon.

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