Whistleblower Explains One Way Cloud Companies Can Cook Their Books
Grazed from Business Insider. Author: Julie Bort.
Cloud computing is clearly changing the way the industry buys software, but it could also be tempting some SaaS companies to dupe investors.
The poster child for the situation could be SucessFactors, a cloud-based app company bought by SAP in February. The company was accused of misleading accounting procedures last year by a whistleblower who reported his misgivings to authorities, Francine McKenna of Forbes writes. This wasn’t the first time the red flag was raised over SuccessFactors’s accounting. ZDNet’s Dennis Howlett had also documented weirdness in how SuccessFactors reported revenue to investors via SEC filings…


From the Strata + Hadoop World event in New York City, Cloudera, the category leader that sets the standard for Apache Hadoop in the enterprise, today unveiled the industry’s first true real-time query engine for Hadoop. This major evolution to the company’s Platform for Big Data, Cloudera Enterprise, makes this the first Big Data management solution that allows batch and real-time operations to be performed on any type of data — unstructured and structured — within one massively scalable system. This new approach of creating a single, centralized Big Data platform dramatically improves the economics and performance of large scale data management in the enterprise. For the first time, organizations can process data at petabyte scale and, on the same system, interact with that data in real time to deliver "speed-of-thought" insights.