Enterprises have begun rapid adoption of the Cloud and have become the key battleground targets for providers of public, private and hybrid Cloud solutions. This report discusses the current state of adoption for different public and private/hybrid Cloud platforms and the key vendors gaining traction within those segments. The report also discusses the emerging tools and systems that are creating a new class of configuration, management and provisioning platforms for "new IT" applications that are running in Cloud environments. Finally, the report takes a look at M&A and private placement activity, and includes a representative listing of vendors in the ecosystem.