Date:15/02/2008 URL: http://www.thehindu.com/2008/02/15/stories/2008021555351800.htm

Business

NIIT Tech. unveils SaaS

Corporate Reporter

Will reduce upfront investment

CHENNAI: NIIT Technologies on Thursday unveiled a new paradigm offering — Software as a Service (SaaS).

SaaS is a method of selling software in which a vendor or service provider hosts the applications and makes them available to customers as a service, rather than as a product.

With this offering, enterprise solutions can be made available for use by companies as and when required or ‘on demand’.

‘ProcureEasy’, the first of NIIT Technologies’ SaaS offering is a feature rich, user friendly solution that meets the diverse procurement process needs of large enterprises. The company unveiled the offering in Mumbai on Thursday.

‘Our SaaS offering is an exciting business innovation which transforms the traditional headcount based IT services model to a pay as you use platform. For the customer, it will reduce upfront investments, improve time for implementation and enhance business value through flexibility in deployment’, according to Arvind Thakur, CEO, NIIT Technologies.