Its services include customer relationship management, data management, and compliance. Veeva Systems ( NASDAQ:VEEV) offers services for life science organizations such as biotech, pharmaceutical, and other healthcare companies.
#THE CLOUD MONEY SOFTWARE#
As internet access expands, staying in touch could become untethered from phone companies and favor cloud software providers instead. Mobile phone service is a modern necessity, but cloud-based video interactions could be a serious disruptor of traditional telecommunications companies in the years ahead. Zoom is also benefiting from changes in personal communications. Clearly Zoom is eyeing a bigger piece of the massive global telecom industry by going after large business communications accounts. The deal was voted down by Five9 shareholders, but Zoom nonetheless announced its own product on this front and called it Video Engagement Center.
Zoom made a splash in the summer of 2021 when it announced its intention to acquire corporate contact center specialist Five9 ( NASDAQ:FIVN). Zoom is poised to continue on as a basic necessity of corporate communications services long after pandemic restrictions end. The videoconferencing service has become a staple during the pandemic by helping family members and business teams stay in touch from afar (as it turns out, many pre-pandemic in-person meetings weren’t all that necessary after all). Zoom Video Communicationsįew companies have skyrocketed out of obscurity and into household name status as quickly as Zoom ( NASDAQ:ZM). It deserves consideration as a core portfolio holding.
#THE CLOUD MONEY GENERATOR#
Paired with the organic growth Adobe’s legacy offerings still generate, this firm is a top free cash flow generator in the cloud industry. Most recently, Adobe took over video editing collaboration software firm Frame.io. In late 2020, it purchased Workfront to add workflow and project management solutions to its arsenal. In 2018, it acquired small firms Marketo and Magento to bolster its position as a partner for e-commerce companies.
#THE CLOUD MONEY SERIAL#
While it isn’t a serial acquirer like Salesforce, Adobe has made some big moves to round out its software suite. Adobe’s core competencies in providing creativity software and document editing have made it a staple of digital transformation. But it has transformed itself into a leader in cloud services by adapting its large and expanding platform to the cloud era. Software company Adobe ( NASDAQ:ADBE) got its start in an IT era that predates both the cloud and the internet. Highly profitable and investing heavily to maximize expansion, Salesforce could realize founder and CEO Marc Benioff’s goal of becoming one of the world’s largest technology companies within the next decade. More recently, it acquired a stake in hot IPO ( NASDAQ:MNDY).
It regularly invests in, or acquires stakes in, smaller cloud peers such as Snowflake ( NYSE:SNOW) before its initial public offering (IPO) last year. Salesforce’s recent takeover of remote work and collaboration tool Slack will likely put it on a collision course with Microsoft’s Teams collaboration suite.ĭue to its success in becoming a full-blown tech platform for businesses of all types and sizes, Salesforce is also a top way to play smaller cloud upstarts. Salesforce has since branched out to other areas of enterprise software via organic growth and a steady stream of acquisitions. The customer relationship management specialist was a pioneer of software that uses cloud technology starting in the late 1990s. When talking about cloud computing, Salesforce ( NYSE:CRM) needs to be part of the conversation.
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