A Blog About Software As A Service
This blog is all about software as a service (SaaS) for business. If it is in the cloud, you will find it here.
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Clip: SaaS’s Spring Fling: Venture Community Bets Heavily on SaaS
Posted on May 14th, 2009 No commentsChristopher W. Cabrera, founder of Xactly has a post entitled "SaaS’s Spring Fling: Venture Community Bets Heavily on SaaS" which talks about the huge VC interest in SaaS vendors recently. From the post:
The latest cases in point are SaaS vendors Workday, which closed a $75 million venture round, and ExactTarget, which just last week attracted $70 million in venture funding. ExactTarget had to forgo an IPO late last year because of the economic downturn, but that hasn’t kept the VC community from regarding the company as a prime investment opportunity. Meanwhile, Workday has now raised a total of more than $150 million from investors who clearly believe in CEO (and PeopleSoft founder) David Duffield’s vision for SaaS.
My favorite part of the post, however, is in the beginning:
The SaaS battle continues to rage in some quarters, with traditional on-premise software vendors still fighting a vociferous rearguard action, even as some are slowly moving to test the SaaS waters for themselves.
Vociferous rearguard action? I love it.
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