Cloud Cruiser Selected as 'Best of Show' at Silicon Valley Angel Investing Event

PALO ALTO, Calif., Aug. 17 /PRNewswire/ -- Cloud Cruiser, a cloud computing startup, was voted "Best of Show" at the recent VCTaskforce Angel Investing Event held in Palo Alto, CA. The company was recognized for its unique approach to the cloud computing market as well as the strength of its seasoned management team. The voting was conducted by a panel of expert judges from leading Silicon Valley angel investor groups. In addition, the company was awarded a rare perfect score by a selection committee comprised of the Band of Angels, Sand Hill Angels, the Angels Forum and the Harvard Angels.

"Winning the Best of Show Award with a perfect score is an outstanding validation of Cloud Cruiser's business strategy and the strength of our management team," said Dave Zabrowski, Cloud Cruiser's Founder and CEO.  He added, "Though we are currently in stealth mode, we will be engaging with customers in our development cycle to solve their growing pains in public, private and hybrid cloud computing environments."

"Cloud Cruiser is an up and coming player in the cloud computing market that epitomizes the type of company we seek to recognize at the VCTaskforce," stated June Riley, CEO of VC Taskforce, a member-supported organization for LPs, VCs, Angel Groups and institutional investors. "VCTaskforce's vision is achieved when we see companies like Cloud Cruiser resonating so well with the professional angel groups we support."

According to a leading industry analyst research firm, Gartner, Inc, worldwide cloud services revenue is forecast to reach $68.3 billion in 2010, a 16.6 percent increase from 2009 revenue of $58.6 billion. The industry is poised for strong growth through 2014, when worldwide cloud services revenue is projected to reach $148.8 billion.

In addition, cloud computing got a positive validation when President Barack Obama endorsed the technology in his 2010 budget request and appointed Vivek Kundra as the Federal Chief Information Officer with a mandate to adopt the technology in order to reduce costs and improve efficiencies.

About Cloud Cruiser: Cloud Cruiser is a cloud computing software company focused on eliminating the growing pain experienced with public and private cloud computing.  The company is currently in stealth mode.

About VCTaskforce: VC Taskforce™ offers the Venture Community events and programs that promote the development of and investment in new companies and venture funds, and provides excellent networking opportunities for all stakeholders. Our system of services include: business, legal and financial programs that provide real-time, strategic and tactical information addressing imminent concerns of investors and their portfolio companies. Our sponsors, partners, and members include all types of Investors including Angels, VC/PE firms, and LPs in addition to Law Firms, Service Providers, Entrepreneurs, and Corporations. VC Taskforce™ provides a forum for investors and portfolio company management in which to share ideas and information that will help them manage their businesses for maximum success. For more information visit: www.vctaskforce.com.

SOURCE Cloud Cruiser