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