Published at LXer:

Tom Berquist, former managing director of financial powerhouses Citigroup and Goldman Sachs and now CFO of open source database firm Ingres, made the prediction last week. Ingres, the second largest open source company, counts the likes of BAE Systems, Cathay Pacific and Lufthansa among its customers. Berquist said the cloud computing model--of companies' serving applications over the Internet--requires vendors to spend large amounts of cash buying and maintaining servers, telecoms infrastructure and software such as operating systems, Web, application and database servers to support their software as a service (SaaS) operation.

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