Cloud usurps Green IT as top investment area for private equity firms

Grazed from ITPro. Author: Caroline Donnelly.

Cloud computing is one of the private equity (PE) community’s top areas for future investment, according to a new report from financial advisors Grant Thornton UK. The firm’s “Where is the smart money going in Technology?” report claims more than 92 per cent of PE and venture capitalists consider cloud to be an “attractive” proposition, with half planning to invest in this area within the next two years.

The managed services industry also seems to have caught the imagination of investors, with 30 per cent of the 40 PE experts and venture capitalists who took part in the report expressing an interest in investing in this area…

Moreover, 32.5 per cent said they planned to invest in mobile enterprise offerings, 30 per cent in mobile security and 25 per cent in storage and infrastructure…

Read more from the source @ http://www.itpro.co.uk/644224/cloud-usurps-green-it-as-top-investment-area-for-private-equity-firms