As a former technology correspondent, tech stories are near and dear to my heart, and our March cover story on how cloud computing is fueling middle-market deals is no exception.

As contributing editor Danielle Fugazy reports, the beauty of the cloud is that it leverages a network of remote servers hosted on the Internet to store, manage and process data, rather than a local server or a personal computer. By enabling on-demand delivery of IT resources and applications via the Internet with pay-as-you-go pricing, cloud computing has paved the way for a slew of efficient, inexpensive services. You couldn't ask for a technology more tailor-made for private equity investors, whose appetite for efficient, cost-effective strategies is legendary.

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