BMC Software Inc. now it is riding one of the technology industry’s biggest technologies: cloud computing.  Over the past 18 months, BMC has helped clients build and manage more than 150 cloud-based data centers. The company’s customers include Concur Technologies Inc. and Rackspace Hosting Inc.

BMC also has introduced several new cloud products. The BMC Cloud Lifecycle Management, a software for building and operating cloud-based data centers is one of their top cloud server products. The Houston-based company also plans to introduce a lot more cloud-related IT products.  “The cloud has been remarkable for us,” BMC Chief Executive Bob Beauchamp told Dow Jones Newswires in an interview. “In the last nine months or so it has really taken off.”

BMC’s revenue from cloud computing is roughly 3.5% of revenue since the company entered the field, it still knows there is room for significant growth with cloud computing. Global cloud services revenue is expected to grow 16.6 % to $68.3 billion this year and more than double to $148.8 billion by 2014, according to market watcher Gartner Inc.

“Success in cloud computing will mean the difference between existing or not existing within a few years,” said Glenn O’Donnell, a Forrester Research Inc. analyst. “The new battleground is around the cloud.”