I don't think IT has the same marketing requirements or stringent name vetting policies found for example in pharma, or car industry (Mitsubishi Pajero vs. Montero in Spain comes to mind [0]). After a quick internet search looks like "floci" is colloquially the word for "pubes" which doesn't sound really vulgar, more impolite?

[0] https://en.wikipedia.org/wiki/Mitsubishi_Pajero

Perhaps a play on words? pubic cloud... public cloud...