The Keene View on Web 2.0, Ajax and SaaS

Before I head off for my favorite holiday, I wanted to send out an update on Wavemaker.

Our big news of course centers around the release of Wavemaker 6. This release was over a year in the making and represents the first open source cloud development platform on the market (hook up wavemaker with eucalyptus and you have your own open source answer to Force.com and Azure!).

On the business side, WaveMaker continues to drive strong revenue growth in a down economy, putting us in reach our objective to achieve profitability by the end of the year!

Just to brag a bit, here are some analyst quotes from our WaveMaker 6 press release:

• "WaveMaker's open source cloud development platform provides an important approach for customers adopting cloud computing," said Judith Hurwitz, author of Cloud Computing for Dummies and President of Hurwitz & Associates. "WaveMaker's ability to create partnerships with IBM, Amazon and RightScale also illustrates the value of an open source business model."
• "WaveMaker is easing the migration path for Java developers who want to bring existing application logic and data into a SaaS environment, while still retaining control over their deployment options," said Phil Wainewright, industry analyst at Procullux Ventures. "With automated support for robust multi-tenant databases, WaveMaker 6.0 advances software developers even further along the path towards realizing the full benefits of the SaaS model."
• "Cloud computing is fast maturing, but one lagging indicator is developer tools designed specifically for cloud deployment," said James Governor, principal analyst at RedMonk. "WaveMaker aims to change that with their 6.0 release, an open source toolset, and relationships with key players such as IBM, Amazon and RightScale."