SaaS Myths

Business Week has an article by Jeffrey Kaplan:

Myth #1: SaaS is still relatively new and untested. has been in business over five years, has more than 399,000 subscribers at 20,500 companies worldwide, and is growing at about 80% a year. NetSuite has been in business eight years, and company officials say it has thousands of customers globally using its online applications.

The oldest and biggest SaaS purveyor? ADP (ADP) — the world’s largest payroll application outfit — has been in business for nearly 60 years, generated $8.5 billion in revenues last year, and served about 590,000 clients worldwide.

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Rajesh Jain

An Entrepreneur based in Mumbai, India.