The purpose of this paper is to discuss major factors of two well-known theoretical frameworks namely Technology-Organization-Environment (TOE) and Technology Acceptance Model (TAM), and examine how those factors could influence the Organizational decision on Cloud technology adoption. The research underlining was carried out using quantitative research methodology based on a survey questionnaire distributed to IT professionals across Australia. The survey questionnaire was developed based on 12 hypotheses and 24 indicator variables. Around 200 responses were analysed by using two-tier approach (a) confirmatory factor analysis to confirm the reliability and validity of the latent variables, and (b) analysis of the structural model to confirm or reject the hypothesis. The final analysis of the results has revealed that only 8 hypotheses are significant and can be adopted. Furthermore, results have revealed that 4 hypotheses have a non-significant impact on the proposed framework and can be rejected from the framework.