Cloudaq, an index of leading global cloud technology businesses (, is expected to outperform its comparative indices over the next three years.

The index that was launched in January 2010 by Clearwater and has been presenting a steeper ascent than its comparative indices ending up around eight per cent above NASDAQ and Techmark.

The index, aimed primarily at investors, closely monitors the performance of specialist cloud computing suppliers operating in software, services, hardware and infrastructure. It focuses on the financial performance and valuation of these companies against the population of more general technology vendors.

Emma Rodgers, director at Clearwater, said: “Cloud technologies continue to pervade all aspects of the industry so it is essential that we keep up to speed with its relative performance.

“With an increase in M&A activity expected in this part of the sector we need to help our clients capitalise on not only the right technologies but also get the timing right whether they are buying or selling cloud businesses.”

Some of the companies listed on the index include, intelligent internet platform Akamai Technologies, market leading networking and virtualization firm Citrix Systems and integrated travel and expense management company Concur Technologies.

Clearwater has four offices in London, Manchester, Birmingham and Nottingham employing over 50 people, one quarter of which are dedicated to sector research.

Clearwater is connected into the UK and wider cloud computing ecosystem through its dedicated TMT team. Around one quarter of Clearwater’s 30 to 40 deals per annum are in this sector making it one of the most active mid-market TMT advisory firms in the UK.