The software
market historically has grown at the customer premises, with software hosted by
the client or by third party hosting providers.
As the internet, software and hosting infrastructure has evolved
software is quickly migrating into the cloud.
Cloud
software-as-a service can be either single tenanted and single instance
software or multi-tenanted and single instance.
Today most ASX
listed software companies are essentially offering hybrid software combining
hosted software with some single tenanted, single
instance software-as-a-service (SaaS) technology functionality.
The majority
of enterprise software today was developed 20 years ago and designed for simple
hosting environments in the client premises.
In the last 10
years software has evolved rapidly with business looking to extract digital
data from their business information in real time. Software design, data bases,
technology stacks have come to the forefront with older software technology
relegated in favour of technology which is able deliver timely digital data
insights.
There are
strong arguments while larger enterprises and heavily regulated industries
demand single tenanted, single instance software-as-a-service.
Smaller
businesses and consumers are quickly accepting the benefits that multi-tenant,
single instance software gives their business.
• Long
term savings in software development
• Improved
user experience
• Lower
cost to maintain, upgrade and update technology
• Ease
of customer on-boarding
• Better
scaling of technology in timely fashion
• Better
ability to support of software
• Better
data insights in real time
Nano-cap / Micro-cap -
Multi-tenant/Single-tenant, Single Instance SaaS names
• 3pl
• Bigtincan
• Class
• Envirosuite
• Kyckr
• Vault
• Nearmap
• Readytech
• Urbanise
• Xref
We will explore
valuation in these names in latter updates.
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