This document discusses and dispels 5 common myths that CIOs have about platform-as-a-service (PaaS). The myths addressed are that PaaS won't help businesses, that businesses will lose control, that businesses cannot transition back from PaaS, that all PaaS offerings are the same, and that moving to PaaS will be too difficult. The document argues that PaaS provides benefits like better performance, lower costs, and easier maintenance for businesses of all sizes and allows businesses to retain control of applications while outsourcing infrastructure concerns. It also notes that PaaS offerings differ and that transitions to PaaS can be simpler than expected with the right support.