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How Saas Startups Are Reshaping Social Equality in Tech

how saas startups are reshaping social equality in tech

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The tech sector can, and should, be the leader at showcasing the advantages of diversity. In many ways, we are all limited by the tools that we use. The cloud is enabling companies to overcome many barriers that were, until recently, impenetrable. 

Why do we prize technology over everything else? Because it helps us solve
problems as efficiently as possible. That much is simple. But our technology
itself is the product of a certain mindset. We have to be willing to prioritize
efficient solutions over all else. 
And the best solution can come from anywhere. A 10-year-old might blurt
something out that could inspire a new product. A janitor might point out where
a CEO is (actually) going wrong. Nature just isn’t as linear as we’d like to
think it is. 
No one can predict which age, gender, ethnicity or nationality the next great
idea might come from. So, you’d think that the tech industry would know better
than to be held hostage by petty hierarchies and egocentrism. But the truth, as
it turns out, is quite different. Women only account for a quarter of computing
jobs.
Blacks and Latinos also just make up around 8 percent of …

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ZetaDisplay Launches Next Generation Global Software Platform

zetadisplay launches next generation global software platform

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ZetaDisplay Launches Next Generation Global Software Platform




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Custom software development services market size 2020

custom software development services market size 2020

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The prevalence of the Covid-19 pandemic has affected businesses across industries globally. With scaled-down operations, many businesses experienced reduced revenues and profits. However, some industries remained relatively strong and resilient through these times. The custom software development services market is one such industry.It is estimated that the custom development service market size can grow to upwards of $26.74 billion. This follows years of meteoric growth in the industry.The industry size The custom software development service market remains largely fragmented. In the past, only a few players were offering specialized services to clients. However, there has been an increase in the number of companies offering custom software development services. Consequently, the industry has seen a marked increase in strategic collaborations for increased dominance and strategic leverage in the market.Notably, the collaboration and expansion of the market base are now multi-continental. While the Asia-Pacific region remains the largest and most preferred offshore destination for custom software development, Eastern Europe and North America are also seeing an increase in the number of custom software development companies setting up. Eastern Europe, Africa, South America, and Australia are also experiencing growth, although the growth rate is slower than the Asia-Pacific and North American …

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Nasdaq Boosts Growth Profile With Software Acquisition

nasdaq boosts growth profile with software acquisition

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Narrow-moat Nasdaq (NDAQ)  is enhancing its growth profile and speeding up its shift to more software-as-a-service (SaaS) revenue with its recently announced acquisition of Verafin, an anti-financial crime solutions provider, for $2.75 billion. Nasdaq is paying a decent price for this fast-growing company. On a pro forma basis, Verafin would have increased Nasdaq’s market technology and investment intelligence segments’ revenue contribution in the third quarter to 47% of total revenue from 45%, which implies that Verafin’s quarterly revenue is probably in the range of $15 million to $30 million, which is relatively small compared with Nasdaq’s third-quarter net revenue of $715 million. That said, over the past three years, Verafin has grown revenue at around a 30% compound annual growth rate, and Nasdaq expects Verafin’s 2021 annual revenue to be in excess of $140 million. We don’t anticipate making a material change to our $95 fair value estimate for Nasdaq.Nasdaq is expecting some synergy with Verafin. Currently Verafin primarily serves smaller banks with money laundering and fraud in North America. Nasdaq already has trade surveillance services and relationships with large banks and international banks. Nasdaq may be able to use its existing relationships to offer Verafin’s services to a wider customer base while …

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Software as a Service: What Is SaaS and How Has it Changed Productivity?

software as a service: what is saas and how has it changed productivity?

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“SaaS” is a fairly common acronym thrown around by computer-jargon speakers. While you may not know what it stands for or what it means, you’ve certainly encountered “Software as a Service.” It’s virtually impossible to open a computer without using it.

What is SaaS? What Does “SaaS” Mean?

The introduction gave away that “SaaS” stands for “Software as a Service.”

While it’s not a commonly used term, you can think about this as being separate from “Software as a Good.” Just like goods and services in other aspects of your life, digital goods can be seen as something that you pay for once and consume, while a service is something that you pay someone else to do for you as you need it done.

There’s another way to illustrate SaaS if you’re old enough to take a trip down memory lane into any time before, say, Y2K or a little later. You needed the most recent edition of a word processor, so you went to the nearest tech store and purchased it on a disk. You could then return home and install it on your computer.

An easy way to think about SaaS is as any service that you …

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Runaway SaaS Spend: Salesforce & ServiceNow

runaway saas spend: salesforce & servicenow

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“Salesforce and ServiceNow.  Those are the new Oracles that if you are not managing the contract terms very closely, the costs spiral out of control.  The monitoring and governing of SaaS saved us a lot and we have more reasonable terms now.  Just the management and insight alone got us a long way.”Director, Indirect Sourcing, Agriculture industryThis is a significant perspective, as it implies that companies are not treating the governance of Salesforce and ServiceNow with the same rigor they apply to Oracle, IBM, SAP, and Microsoft. Yet, according to  Flexera’s 2020 State of Tech Spend Report, most companies rank SaaS applications Salesforce, ServiceNow, Google, and Workday in their top 10 spend by vendor. How can spend with a top tier vendor spiral out of control?The disconnect is likely because SaaS apps don’t pose the same audit risk as traditional software. Instead, these widely used SaaS applications pose different risks:the risk of paying for SaaS subscriptions that aren’t being utilizedthe risk that ex-employees can access invaluable data like your sales pipelineCompanies have matured their software asset management (SAM) programs over time to mitigate the risk of unbudgeted spend.  Now they need to apply the same principles …

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Slack’s stock climbs on possible Salesforce acquisition

slack’s stock climbs on possible salesforce acquisition

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News that Salesforce is interested in buying Slack, the popular workplace chat company, sent shares of the smaller firm sharply higher today.
Slack shares are up just under 25% at the moment, according to Yahoo Finance data. Slack is worth $36.95 per share as of the time of writing, valuing it at around $20.8 billion. The well-known former unicorn has been worth as little as $15.10 per share inside the last year, and worth as much as $40.07.
Inversely, shares of Salesforce are trading lower on the news, falling around 3.5% as of the time of writing; investors in the San Francisco-based SaaS pioneer were either unimpressed at the combination idea, or perhaps worried about the price that would be required to bring the 2019 IPO into their fold.
Why Salesforce, a massive software company with a strong position in the CRM market, and aspirations of becoming an even larger platform player, would want to buy Slack is not immediately clear though there are possible benefits. This includes the possibility of cross-selling the two companies products’ into each others customer bases, possible unlocking growth for both parties; Slack has wide marketshare inside of fast-growing startups, for example, while Salesforce’s products roost inside a host of mega-corps.

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Better Buy: Adobe vs. DocuSign @themotleyfool #stocks $ADBE $DOCU

better buy: adobe vs. docusign @themotleyfool #stocks $adbe $docu

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DocuSign (NASDAQ:DOCU) is a leader in the e-signature space, boasting over a half million paying customers. It counts Adobe Systems (NASDAQ:ADBE), which also offers e-signature software, among its competitors.
Both have enjoyed stellar growth this year, and it makes sense. E-signature services give organizations a convenient, efficient way to process business documents. And the coronavirus pandemic accelerated e-signature adoption as in-person signing opportunities evaporated.
So if both are doing well, is one a better buy than the other? Let’s take a look at both to answer that question.

Image source: Getty Images.

The case for Adobe
Adobe, with its more than $200 billion market cap, is a much larger company than DocuSign at $40.9 billion. So is this an unfair competition? A bigger company has more resources to achieve success, right?
There’s definitely a lot to like about Adobe. Revenue was $3.23 billion for its fiscal third quarter, which ended Aug. 28, the best third quarter in company history. Adobe’s performance continued its historic year, having delivered records in the first and second quarters as well.
Its e-signature solution, Adobe Sign, is rated the best for enterprise organizations. The product is part of Adobe’s Document Cloud division, which encompasses the company’s business …

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SaaSBOOMi Looks To Strengthen SaaS Community With Awards For Indian Startups

saasboomi looks to strengthen saas community with awards for indian startups

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The SaaSBOOMi community has decided to recognise and reward Indian software-as-a-service (SaaS) companies and startups that have been working to set India on the global tech map.The award is aimed to add incremental value to the startups in multiple ways. Beyond recognising well-deserved startups, it will also bring them to the public’s attention, build a comprehensive directory of SaaS startups in India, collate credible and up-to-date information about SaaS startups and help SaaS community to come together and self-organise under one unified shield.“Most startup awards in India hitherto have been either self-serving, lacklustre, or opaque. We want to change this norm and create a new brand of awards that exemplify authenticity and integrity,” the SaaSBOOMi said. The SaaSBOOMi award will be given across eight categories.SaaS startup of the year: For startups that have achieved great traction at a global level, and serves as a milestone to be achieved for other entrepreneurs in India.Breakout SaaS startup of the year: Startup that has achieved great traction in the recent past, whether through a paradigm shift or focused execution.Bootstrapped SaaS startup of the year: Startup that has scaled without raising any institutional money over $100K. The company …

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SaaS Logistics Startup Shipsy Raises $6 Mn In Series A From Sequoia, Info Edge

saas logistics startup shipsy raises $6 mn in series a from sequoia, info edge

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Gurugram-headquartered SaaS (software-as-a-service) startup for shippers and logistics companies, Shipsy, has raised $6 Mn in Series A funding in a round led by Sequoia Capital India’s Surge, a rapid scale-up program for startups in India and Southeast Asia, and existing investor, the publicly-listed Indian online classifieds company Info Edge. The company claims that the funding would be directed towards its efforts of creating the largest global trade network by bringing all stakeholders of the international logistics ecosystem on a single platform. The company explains its approach as ensuring a strong SaaS workflow management platform which allows network participants to collaborate, thus reducing process bottlenecks and improving efficiency. The five-year-old startup claims to be processing 10% of India’s trade and having some of the biggest players in the Indian logistics and manufacturing space, such as DTDC, Bajaj Steel Industries and Zenith Birla (India) Limited as its clients. “The platform helps shippers reduce freight costs by automating and digitising freight negotiations, reducing incidental charges, significantly improving shipping turnaround time and minimising working capital loss for shippers through advanced machine learning models,” said  Soham Chokshi, cofounder and CEO of Shipsy. “The money raised will help fuel our growth and enable us to become …

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