Deveson said Devnet's faith in the future of Google Wave stemmed froma number of facts including:

- The attraction of uniting the many disparate electronic communication tools in a single, easy-to-use platform; and

- The proven track record of the Sydney-based development (Lars Rasmussen) team who helped create Google Maps; and

- The fact that the technology has been made open source, which will help it attract investment and developer support; and

- Google's history of providing great APIs for its developer community

"Google Wave is further evidence that we are still in the very early days of understanding how cloud-based computing is going to change the way to work, communicate and live. Cloud-based computing has already proven itself as a superior computing model based on cost and manageability but the next-generation cloud-computing applications, like Google Wave, will deliver much more powerful collaboration functionality that will force us all to rethink the way we do business," he said.