According to IDC, public cloud computing services will account for 46% of net new growth in overall IT spending in five key product categories: applications, application development and deployment, systems infrastructure software, basic storage, and servers. The research report states that over the next five years as spending on public IT cloud services expands at a…

For all of you who don’t have a chance to attend GigaOM’s Structure Conference next week in San Francisco: CloudTimes will be attending the event and reporting live on our site and via Twitter. This year’s Structure conference will be less about whether cloud computing is a good idea and more about making sense of…

Four years ago, the idea of running large infrastructures in elastic virtualized compute clusters seemed outlandish. Now, it’s commonplace. A convergence of technology, cost, and need has led to a revolutionary way of accessing compute resources. Service providers such as Rackspace and Amazon have democratized access to enterprise-grade infrastructure. At small scale, this has enabled…

World Street Fundamentals released today its industry report which highlights Microsoft Corporation and Apple Inc. The report states that Systems Software spending will start to increase due to the growing interest in cloud computing. Thus far the Systems Software index has declined 2.6% year-to-date, while the S&P increased by 6.3%. Analysts expect revenues to increase…

VMware (VMW) announced recently their acquisition of Socialcast, a leading social collaboration solutions for the cloud provider. Socialcast will be delivered as a hosted service, private cloud computing or via a physical computer solution as is now used by some of the world’s key enterprises. This move is to continue VMware’s vision of end-user computing model…

GoGrid Executive Chairman John Keagy along with CMO Jeffrey Samuels will be presenting at this year’s International Cloud Expo. On Wednesday June 8, Keagy will present “The Economics of Public Cloud Computing” where he explains the three major reasons why the public clouds offer improvements of economics, which translates into paying for only what you…