Defining Future Business Operations TM E xcerpt for nClouds © 2018, HfS Research Ltd | www.hfsresearch.com | www.horsesforsources.com The HfS Hot Vendors Q1 2018 | 1 The HfS Hot Vendors are an exclusive group of emerging players with a differentiated value proposition for the Digital OneOffice (Exhibit 1). HfS analysts speak with numerous exciting start-ups and emerging players. We designate a select group as the HfS Hot Vendors based on their offerings' distinctiveness, ecosystem robustness, client impact, financial position, and the impact in our OneOffice Framework. The HfS Hot Vendors may not have the scale and size to be featured in our Blueprint reports, but they have the vision and strategy to impact and disrupt the market. Exhibit 1: The Digital OneOffice framewo

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