By Mark Symonds, CEO and President, Plex Systems
What an exciting time to be a player in the enterprise software industry!
Last month, the Cloud enterprise software firm Workday launched an IPO that was successful beyond even its own expectations – with a 73-percent pop in the stock price at the start of trading and a total of $637 million raised at a $4.5 billion valuation.
Then last week, Enterprise Irregulars editor Brian Sommer called this “The Month IT & ERP Permanently Changed.” He based this declaration on what he’d been hearing over the last month at more than a dozen analyst briefings, conferences and related events. Sommer argued that the days of on-premise solutions are ending as businesses rapidly ascend into the Cloud.
This message and the success of Workday certainly foreshadow rapid growth for Cloud providers.
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