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     PRESS RELEASE
CONTACT INFORMATION:     



Joanne Haywood (IDC)
416.673.2284 office
647.444-2284 cell
jhaywood@idccanada.com
www.idc.ca
     


Krista Napier (IDC Spokesperson)
416.673.2290 office
647.444.2290 cell
knapier@idccanada.com
www.idc.ca

Cloud Companies Continue to Impress in Canada

IDC Canada Profiles 10 Cloud Companies to Watch

- April 26, 2011 -

NEWS FACTS

IDC has released a new study, IDC Canada Profiles 10 Cloud Companies to Watch. The study features ten emerging companies that are innovating and excelling with a variety of solutions delivered through the cloud, including solutions that address employee referrals, employee-job fit, workforce management, business continuity, application migration, and accounting/financial management to name a few.

Compared to their bulkier packaged software or home-grown counterparts, the cloud based model offers anytime, anywhere availability, affordability, and fast/easy deployment. This disruptive approach to delivering solutions is one that Canada's emerging tech sector has fully embraced.

The IDC study profiles ten relatively small cloud companies in Canada, providing a review of each company's technology and go-to-market strategy, partners, and customers. It concludes with some of the overarching trends IDC is seeing in this market along with insights on how emerging companies can succeed in this space. To qualify for inclusion in this document, companies had to be: privately held, have fewer than or about 100 employees, under C$20 million in revenue, based in Canada, and have not been profiled in IDC Canada's Ten to Watch in the past.

The ten companies featured in the report (in alphabetical order) include:


     

QUOTES ATTRIBUTABLE TO KRISTA NAPIER, SENIOR ANALYST IDC CANADA

  • Cloud-based solutions are increasingly being accepted and adopted. It's a good time to be an emerging cloud company in Canada.
  • These emerging companies are smaller, faster, and thriftier compared to their larger counterparts. Large companies will find it difficult to straddle both traditional and cloud offerings and will increasingly look for partner and acquisition opportunities to leverage this expertise.


This study is one of a series of documents that IDC publishes as part of the Canadian Technology Innovation Watch report series, which tracks Canadian ICT companies including software, hardware, services, and communications companies from across Canada. The series examines emerging companies, their solutions, and why they have been successful.

Please contact Joanne Haywood to arrange an interview and/or for additional quotes.

ABOUT IDC

International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community to make fact-based decisions on technology purchases and business strategy. More than 1,000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. For more than 46 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. You can learn more about IDC by visiting www.idc.com

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