FDI Industry Spotlight
Cloud Computing
Montana’s abundant natural resources translate into low energy costs and of the energy we consume, much of it comes from renewable sources. Add that to a mountain climate that cools naturally at night and you’ll certainly understand why data centers and other firms in need of bandwidth, power, and talent for their business models relating to SaaS, streaming big data analysis, and cybersecurity like Montana.
Big Sky Country is home to vibrant small cities with abundant outdoor amenities where
knowledge-based industry workers want to stay, thus reducing costly turnover. Companies such as Submittable, ClassPass, Schedulicity, and EventGroove have recognized and embraced this. In 2012, Montana startup RightNow Technologies was acquired by Oracle for $1.5 billion. Today, Oracle still has significant operations in Bozeman, Montana.
Building on the state’s established technology infrastructure, in 2023 Montana was recognized by the US Economic Development Administration as a Tech Hub due to its potential for rapid growth in smart, autonomous, and remote sensing technologies as well as the cloud computing that supports them.