Service Clouds are a key emerging feature of the Future Internet which will provide a platform to execute virtualized services. To effectively operate a service cloud there needs to be a monitoring system which provides data on the actual usage and changes in resources of the cloud and of the services running in the cloud. We present the main aspects of Lattice, a new monitoring framework, which has been specially designed for monitoring resources and services in virtualized environments. Finally, we discuss the issues related to federation of service clouds, and how this affects monitoring in particular.