Shutterstock Ready For IPO

Market researcher BCC Research estimates that the market for pre-shot commercial digital imagery will grow to $5 billion by 2013. The expansion will be driven by growing demand from organizations such as businesses, marketing agencies, and media organizations. In 2008, the market was worth $2.7 billion. Within the pre-shot market, the microstock market is an

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Oracle’s Cloud Strategy

Gartner estimates that the worldwide cloud computing market will be worth $58 billion this year, compared with $50 billion last year. Big players are focusing on growth within this market. Earlier this week, at Oracle’s OpenWorld conference, Oracle (Nasdaq:ORCL) CEO Larry Ellison announced the company’s plans to grow in cloud computing in his keynote address.

No IPO for Twitter Anytime Soon

Not all social media players are looking to go public. Recently, Twitter CEO Dick Costolo reaffirmed his intentions to keep Twitter private. Costolo claims that “five years from now Twitter will remain an independent company.”  Twitter’s belief is that remaining private and independent is the best course of action.

Steady Execution by Accenture

Analysts believe that the IT outsourcing market will grow 2.1% over the year to $251.7 billion in 2012.  Within IT outsourcing, cloud computing is projected to grow 48.7% to $5 billion. During the year, the application outsourcing market is expected to grow 2% to $40.7 billion. On the other hand, the data center outsourcing segment

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MercadoLibre Still Independent and Growing Nicely

By the end of 2011, Latin America had more than 231 million Internet users, including more than 145 million Facebook subscribers. Internet penetration in this vast region is close to 40%, and Latin America accounted for 10% of the world’s online population. Researchers estimate that Internet penetration is projected to grow to 53% by the

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A Model Shift Well Received by Adobe Customers

Digital software maker Adobe (Nasdaq:ADBE) is shifting from a license-based model to a subscription-based model for its services. But the transition isn’t so simple to dissect for market analysts. Adobe’s customers are migrating from a perpetual licensing model to cloud subscriptions. Financial reporting for the new business model requires Adobe to recognize revenues over time

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With Loss of Drug Patents, WebMD and Epocrates Look Elsewhere for Revenue

The healthcare IT segment may be growing. However, WebMD’s (Nasdaq: WBMD) newly appointed CEO, Cavan Redmond, does not see bright prospects for the pharmaceutical industry. Over the past few years, several big drugs have gone off-patent. In 2011 Pfizer lost exclusivity for Lipitor and Protonix, both of which accounted for combined sales of $6 billion.

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New Payment Models Mean Acquisitions for Athenahealth

According to a recent IDC report, electronic health record (EHR) penetration is projected to grow to 80% by 2016. Growth will be driven by continued government incentives, expansion in cloud computing, and advances in mobility technology. In 2009, EHR market adoption stood at 25%. Healthcare IT players are benefiting from this strong growth.