SaaS pricing inflation growing 4x faster than market inflation

A pile of Sterling notes.

Inflation has dominated the financial news landscape in 2022. In many markets, the consumer price index (CPI), has reached its highest point in a generation. This growth in the cost of ‘things’ also applies to software.

Almost every organisation has come to rely on SaaS to conduct business, from communications tools like Slack and Zoom to productivity suites like Microsoft 365 and Google Workspace, as well as department-specific platforms like Atlassian, Workday, NetSuite or...

30 November 2022 | Cloud Computing

Alibaba Cloud launches ModelScope platform

Jeff Zhang, president of Alibaba Cloud Intelligence.

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, started its recent annual Apsara Conference by announcing the launch of  ModelScope.

This is an open-source Model-as-a-Service (MaaS) platform that comes with hundreds of AI models, including large pre-trained models for global developers and researchers. During its flagship conference, the cloud provider also introduced a range of serverless database products and upgraded its integrated data...

7 November 2022 | Alibaba Cloud

Dell Technologies expands multi-cloud experiences

Dell

Dell Technologies is delivering new cloud experiences to help customers manage and protect applications across data centres and multi-cloud environments.

These new offerings are designed to help organisations easily store, protect and control their data and applications across an increasing number of platforms and locations.

Chuck Whitten, co-chief operating officer, Dell Technologies, said: “Our customers want help reducing complexity and are seeking solutions that...

6 May 2022 | Cloud Computing

IBM and SAP are expanding their cloud migration partnership

IBM

IBM and SAP, two veterans of the tech space, have expanded their partnership with one another in a bid to accelerate cloud adoption.

As part of the agreement, IBM is now a premium supplier for the “Rise with SAP” collection of subscription-based software and services.

The company has also revealed its “Breakthrough with IBM for Rise with SAP” portfolio of consulting services designed to help customers transition to SAP S/4Hana Cloud.

While key...

11 February 2022 | Cloud Migration

Citrix to privatise and merge with Tibco following £12.1bn acquisition

Merger Deal

US cloud services provider Citrix has been acquired for $16.5 billion (£12.1bn) and will be privatised and merged with data analysis software developer Tibco Software.

The buyout comes from Elliot Investment Management and Vista Equity Partners, the latter of which has owned Tibco since 2014.

Following weeks of reports of negotiations, the acquisition deal has been approved by Citrix’s board of directors and is expected to close by mid-2022.

Elliot...

2 February 2022 | Companies

SAP sees 28% jump in quarter four cloud revenue

Revenue and Earnings

SAP, the multinational business software group, recorded a 28% revenue increase for its cloud computing operations in 2021’s fourth quarter.

Cloud revenue reached €2.6 billion (£2.17bn) in this period, the company revealed in its preliminary financial results.

SAP believes its main cloud offering, RISE with SAP, has been a large contributor to growth. Unveiled in January 2021, RISE is a subscription-based “intelligent enterprise” as a service package for...

18 January 2022 | Cloud Migration

Three ways cloud is improving customer experience

Customer Service

Cloud computing involves internet usage to offer services, tools, and applications, such as databases, networking, servers, and software.

The cloud rose to popularity in the mid-2000s and was embraced by many businesses as it diminished traditional computer-related troubles, such as the need to buy expensive hardware or software resources.

Almost two decades later, its popularity continues to see an upward trend. According to Gartner, 85% of businesses will have embraced...

11 January 2022 | Digital Transformation

ThoughtSpot passes $4bn valuation after $100m Series F funding

Man thinking

ThoughtSpot, a cloud data analytics start-up, has raised $100 million (£74m) in Series F funding to reach a new valuation of $4.2 billion (£3.1bn).

This latest valuation is more than double the company’s previous valuation of $1.95 billion (£1.45bn) two years ago after its Series E round. In the years between, ThoughtSpot underwent a major transformation into a cloud-first company which, evidently, shows to have paid off.

Last year the company launched its first...

18 November 2021 | Applications

Democratising financial projections for the age of SaaS

Stacks of money.

More than 650,000 companies in the United States use Excel to create financial projections. While Excel is surely a versatile tool, it forces manual processes onto finance departments and essentially hinders collaboration.

Companies were locked into Excel in the past because cloud-based budget management and financial reporting software were only targeted at enterprises. These days, however, advanced SaaS solutions that automate financial processes are available for companies of...

15 June 2021 | Software as a Service

SaaS is the way – and the way is SaaS: Exploring new market moves

SaaS (software as a service) is not a new term and has shown continued adoption and growth year on year since the term first appeared fifteen years ago, with its commonality and mass adoption only growing over time. With its innate scalability and flexibility, SaaS took advantage of the new public cloud market. Today we find ourselves at a time where SaaS is taking over the cloud computing market and according to Bloomberg, public cloud platforms, business services, and applications (SaaS)...

28 May 2021 | Collaboration