Cloud Software Group

Cloud Software Group

Provides enterprise software solutions for businesses

About Cloud Software Group

Simplify's Rating
Why Cloud Software Group is rated
B-
Rated C on Competitive Edge
Rated A on Growth Potential
Rated C on Rating Differentiation

Industries

Consulting

Government & Public Sector

Enterprise Software

Company Size

N/A

Company Stage

Series B

Total Funding

$11M

Headquarters

Cupertino, California

Founded

2008

Overview

Cloud Software Group provides essential enterprise software solutions designed for large corporations, government agencies, and managed service providers. Their products focus on areas such as data management, automation, business insights, and collaboration tools, which help organizations adapt to the complexities of modern business environments, including various cloud settings. The software operates through a model that includes selling licenses, subscriptions, and support services, along with consulting and implementation assistance to ensure clients get the most out of their software. With over 100 million users globally, Cloud Software Group stands out by emphasizing diversity, equity, inclusion, and belonging within its workforce, fostering an inclusive culture through Employee Resource Groups. The company's goal is to empower organizations to evolve and succeed in their industries by providing comprehensive software solutions.

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Simplify's Take

What believers are saying

  • Strategic partnership with Microsoft enhances cloud and AI solution offerings.
  • Growing demand for hybrid cloud solutions boosts Cloud Software Group's market potential.
  • Increased interest in AI-driven data management tools supports business growth.

What critics are saying

  • CEO's involvement in DOGE controversy may lead to reputational damage.
  • Sale of ShareFile could impact product portfolio and market share.
  • Frequent debt refinancing may indicate financial instability or cash flow issues.

What makes Cloud Software Group unique

  • Cloud Software Group offers mission-critical enterprise software solutions for diverse industries.
  • The company supports private, public, managed, and sovereign cloud environments.
  • Cloud Software Group is committed to DEIB, fostering an inclusive workplace culture.

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Funding

Total Funding

$11M

Below

Industry Average

Funded Over

1 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30M
Patreon
$45M
Linktree
$65M
Substack
$100M
ClickUp

Company News

PYMNTS
Feb 6th, 2025
Elon Musk’S Doge Leashed By Judge In Treasury Case

A judge has limited Elon Musk’s efficiency group’s access to the Treasury Department’s payment system.The order by U.S. District Judge Colleen Kollar-Kotelly came after a group of unions accused the Treasury of illegally sharing member information with Musk’s Department of Government Efficiency (DOGE), Bloomberg News reported Thursday (Feb. 6).The order blocks the Treasury from offering access “to any payment record or payment system of records maintained by or within the Bureau of the Fiscal Service,” with some exceptions, as the judge weighs the unions’ request for a broader temporary restraining order.According to Bloomberg, the order allows “read only” access to two “special government employees” Treasury recently brought in who have ties to DOGE: Tom Krause, CEO of Cloud Software Group, and Marko Elez, a 25-year-old engineer who has worked for two Musk companies: SpaceX and his social-media platform X.The report noted that both have offices at Treasury, department email addresses and clearance to access some secure but unclassified Treasury information.Treasury officials had said earlier this week that Musk and his associates were limited to “read only” access to the department’s payment systems.“This is similar to the kind of access that Treasury provides to individuals reviewing Treasury systems, such as auditors, and that follows practices associated with protecting the integrity of the systems and business processes,” Jonathan Blum, principal deputy assistant secretary for legislative affairs at Treasury, wrote in a letter to lawmakers.Speaking with PYMNTS CEO Karen Webster earlier this week, Amias Gerety — a high-ranking Treasury official under the Obama administration — said that more litigation is guaranteed if DOGE ultimately tries to interfere with payments. He added that the idea of a loosely defined organization such as DOGE interfering with this process was a “10-alarm fire.”“This will end up in the courts if they stop payments,” Gerety, investor partner at QED, told Webster. “The mere fact of access, of read-only access, probably isn’t litigable. But the moment they try to block, delay or divert payments, lawsuits will fly.”Concerns about DOGE’s access to the inner workings of the government seem to have reached the White House, at least on some level

Finimize
Sep 9th, 2024
Progress Software Acquires ShareFile In $875 Million Deal

Progress Software announced on Monday that it will acquire ShareFile from Cloud Software Group for approximately $875 million.

Bloomberg
May 9th, 2024
Citrix Parent Taps Bond Market for Third Debt Sale in Six Months

Citrix Systems Inc. parent Cloud Software Group Inc. tapped investors for the third time in six months to repay more expensive obligations, the latest in a flood of riskier borrowers taking advantage of benign credit conditions to raise cash.

Business Wire
May 8th, 2024
Boomi Unveils New Vision with Strategic Acquisitions and Latest Innovations at Boomi World 2024

To accelerate innovation in the AI economy, Boomi introduced the Boomi AI agent framework, a set of integration and no-code development capabilities that enable business and IT users to run AI agents built by Boomi or Boomi partners, and to build and run their own AI agents to solve pressing integration and automation requirements.

Business Wire
May 8th, 2024
Boomi Doubles Down on API Management with Key Acquisitions

Further accelerating the company's API management roadmap, Boomi has also acquired assets from Cloud Software Group, providing Boomi customers enterprise-grade scalability and security.

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