the benefits of the Windows Azure platform with greater physical control, geographic proximity, regulatory compliance and data sovereignty

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Just Announced at WPC: the Windows Azure Platform Appliance

Should be some great opportunities in Australia to serve enterprise customers and governments with sensitive data requirements that require a deeper level of control or regulation.

https://www.windowsazurehub.com/post/2010/07/13/Day-1-at-WPC-Windows-Azure-Appliance.aspx