Startups rush to the cloud
Grazed from NetworkWorld. Author: Brandon Butler.
Having a cloud computing startup has at some times felt like being part of the California Gold Rush, says Nand Mulchandani, CEO and co-founder of ScaleXtreme, a 2-year-old company focused on easing management of multi-cloud environments.
Scads of entrepreneurs over the past few years have launched companies in an effort to grab a share of the riches they’ve seen companies such as Amazon Web Services, Rackspace and VMware reap. And why not? Forrester last year projected that the cloud computing industry will grow six-fold from $40 billion in 2010 to $241 billion by 2020…


VMware has jumped on the open standards cloud computing bandwagon, recently announcing it will join the OpenStack Foundation and contribute to the development of the open source operating system for cloud computing.