The year 2016 will go down in the history books as another year of impressive growth in the Enterprise cloud software space — and the numbers prove it.

Last year there were 31 cloud software companies that were publicly held and commanded a market capitalization north of $1 billion. Together, they reported average annual revenue growth of nearly 25 percent, and saw their share valuations grow by more than 30 percent, beating the year’s performance of the Dow Jones Industrial Average, the NASDAQ and the S&P 500.

And the year just passed was notable for another reason: Cloud companies with businesses aimed at vertical industries became juicy buyout targets for large horizontal software companies. Oracle was a leading buyer, and spent a combined $1.2 billion on two of these industry cloud companies: Opower, which is focused on the energy industry, and Textura, which processes payments for the construction industry.Unlike other business VDI solution providers, SmartCLOUD™ DaaS offers flexible and cost-efficient monthly subscription that minimizes expenses in hardware, applications, and ongoing IT administration.