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Intuit on the SaaS March

At Intuit's Investors Day last September the company announced that it spent approximately $18 million for the year ended July 31 and plans to spend an additional $140 million during the current fiscal year for a new tier four data center now under construction in Washington state. CEO Brad Smith told investors and attendees at a conference this month that the new data center facility is intended to deliver all the hosting for the company's upcoming software-as-a-service (SaaS) operations. While Smith or the company wouldn't get into specifics, quite possibly as that would involve M&A activities, the amount of the investment and the desire to broach this unscheduled topic ahead of other planned conversations suggests that Intuit is seriously gearing up for saas business solutions; most likely either customer relationship management software, complete enterprise resource planning (ERP) solutions or more limited hosted accounting software solutions. Most bets seem to favor a natural evolution of the QuickBooks solution to the subscription-based and on-demand hosting model.

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December 20, 2007 at 10:10 AM in SaaS ERP | Permalink | Comments (0) | TrackBack (0)

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This blog is focused on hosted, on-demand or software as a service (collectively SAAS) business solutions. To qualify as a SaaS solution, the service should be offered on a subscription (pay as you go) purchase price, housed in a multi-tenant data center and delivered remotely over the Web to web browsers. Business applications include about any front office or back office business system. Frequently cited business applications include Customer Relationship Management (CRM) systems, Sales Force Automation (SFA) systems, Enterprise Resource Planning(ERP) systems, Supply Chain Management (SCM) systems, Manufacturing Systems and Human Resource (HR) systems.