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Can anyone explain private cloud briefly?

This cloud hosting involves a discrete and secure cloud which is based on the infrastructural aspects of both public and private environments. Such a cloud model renders computing services in a virtualized environment. These specialized services are highly recommended for organizations across multiple domains such as financial institutions which handle highly sensitive data and fail to afford or compromise on data security inside a shared network. Sometimes improved reliability as well as higher security and privacy render stupendous control to ensure brilliant features within a private cloud.