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Boomi triples cloud revenue, gains new clients

Enterprise cloud computing integrator Boomi continued to post strong subscription revenue gains while adding dozens of customers during the first half of 2010.

The Daily Cloud

Boomi continues to ride high on the cloud
During the first six months of this year, cloud computing integration company Boomi tripled its subscription revenues compared to the same period in 2009 and added 150 new customers, extending a long streak of success. New clients include Nutrisystems Inc., and Samsung Electronics America, Inc.

Boomi CTO Rick Nucci said the 10-year-old firm switched entirely to an online, cloud-business model about three years ago.

Boomi was focusing on a vertical market approach, partnering with service providers and Software as a Service players as behind-the-scenes technology. Rival Cast Iron had a similar strategy until it was bought by IBM this year, a surprise move that Nucci actually feels takes a competitor out of his way. He thinks IBM will use Cast Iron to sell its own customers on integration, leaving Boomi free to go after smaller fry.

"IBM has an absolutely enormous customer base," Nucci said. "They'll want to have something to offer them [in data integration]."

Identity protector goes with cloud computing
EZShield, which helped pioneer the identity theft protection business nearly a decade ago, has decided to move its financial management systems into the cloud via Intacct, a leader in Web-based accounting applications. The anti-fraud company will use Intacct for employee expense reimbursement and revenue management.

Interestingly, Intacct's press release announcing the deal uses the term "secure" only once, to say that "Employees can now quickly and securely create and submit expense reports and purchase requisitions…"

It seems that the security professionals at EZShield aren't as worried about cloud security as everyone else appears to be. Not to say that Intacct isn't a very secure environment – it's also in the credit card processing business – but you might think that EZSshield, with its "platinum" and "royal" fraud protection plans, would devote some time to discussing the security of its new cloud computing partner.

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