Software as a Service (SaaS) is a form of software distribution in which customers access applications over the internet instead of installing and maintaining them on their own computers. This type of cloud-based delivery model is becoming increasingly popular among businesses of all sizes, as it can result in cost savings and improved scalability.
SaaS deals vary in size, from small one-time purchases to large multi-million dollar agreements. The two largest SaaS deals to date are the Salesforce-Microsoft deal of 2011 and the Workday-Oracle deal of 2017. These agreements involved the two software giants collaborating on the development of new platforms, resulting in mutual investments in each other’s businesses. These deals are seen as major milestones for the SaaS industry, demonstrating the increasing importance of cloud-based delivery models and the potential for collaboration between software giants.
By leveraging the power of the cloud, businesses of all sizes are able to take advantage of the scalability and cost savings associated with SaaS solutions.