The document discusses Aras Corporation's approach to leveraging cloud computing. It provides background on cloud computing models and discusses some clear advantages as well as uncertainties. It then summarizes Aras' announcements around its Connected Cloud strategy and new product Aras Spectrum, a cloud-based PLM platform delivered as software or platform as a service on Microsoft Azure. Aras Spectrum is designed to provide scalability, universal access, reliability and eliminate lock-in while allowing for customization and updates.
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