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MinTuit: What’s Next After the Intuit / Mint Deal

mintuit TechCrunch50 could not have asked for a better start:  they get to announce that personal finance startup Mint winner of the $50K grand prize @ TC50 two years ago just got acquired for $170M.

Great exit for a startup – not so sure about concerned users.   But the big question today is why it made sense for Intuit and what the future holds for Mint and its users.  The consensus is that first of all this has been a defensive move.  Mint started to bite into the Intuit / Quicken pie, and Intuit just had to stop it.

There is some irony in this deal: the playbook had been written by Microsoft, against Intuit.

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Google Replaces Beta Tag With Price Tag on Apps

Just a short note:

Guess who will welcome GooGreed with a big smile?  Zoho.

Update:  TechCrunch has the clarification from Google:

In experimenting with a number of different landing page layouts, the link to Standard Edition was inadvertently dropped from one of the variations. We are in the process of restoring it and you should see it soon. We have no intention of eliminating Google Apps Standard Edition, and are sorry for the confusion.

Related posts:

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Google Finally Ends the Folder vs. Label War – What’s Next? Find the Answer Here.

Bear with me for this somewhat long post, for I am not only discussing the sweeping changes Gmail made today, but in the end will also tell you what they are going to do next year – or perhaps after that.

Gmail Changes

The Gmail label changes announced today and to be released to accounts slowly (you may not see them yet, I only have them on one account) are ones that I’ve long been waiting for, and that most reviewers seem to underestimate, thinking of them as mere cosmetic or usability changes, i.e. “drag and drop”, “right-side labels retired”..etc.  We can always trust good old Lifehacker to call it what it is: Gmail Gives Labels the Folder Treatment.

Folders vs. Labels

Because they are. Folders, that is. Just very few people realize that.  The Folders vs. Labels debate is older than the tenancy debates we discussed recently, with two deeply religious camps (apologies for the extreme characterization):

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Multi-tenancy, the Holy Grail of SaaS. Do Customers Care?

Two recent posts by Enterprise Social Software  vendors Jive and Atlassian set up a huge debate amongst my fellow Enterprise Irregulars.  Here’s the money-quote from Jive:

It’s not so long ago that it felt embarrassing to say the words "SaaS" and " single-tenant" in the same sentence. For years, it’s been an industry mantra that it’s  simply impossible to have a scalable SaaS business without multi-tenancy.

Both Jive and Atlassian went single-tenant. That’s a red flag with many SaaS purists.  But there’s more then just tenancy. What if customer data stays behind the firewall, while the application is still provided over the web?  Is that still considered SaaS?    Do customers really care about such issues, or do they look for innovation in features and services?

And a bonus: the #1 SaaS icon supposedly delivers on-premise, if the deal is big enough…

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Promoting SaaS on eBay?

This listing on eBay is hilarious, almost makes me wonder if it’s a true listing or carefully planted advertising for Google Apps (and SaaS in general).  But the seller appears to be real, has been on eBay for ten years…   Here we go, get Microsoft Office w. Outlook for $75, because:

It’s brand new and never been opened.  My boss bought it right before I moved the whole company over to Google Apps.
We never looked back, but here’s your opportunity to live it up, 90’s style, with this great, retro piece of Microsoft 2007 software.

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Zoho Office for Sharepoint: Use SaaS, Keep Data Behind the Firewall

One of the major roadblocks to SaaS providers’ entry to the enterprise is  IT and Business concerns about corporate security, thinking of the firewall as the last line of defense. 

Microsoft SharePoint has a very strong position in the Enterprise as the incumbents behind-the-firewall collaboration server, and for years smart Collaboration and Social Software vendors with better functionality, like Atlassian, Socialtext, Jive Software, Newsgator  have been "playing well", adopting their services to SharePoint.

Now Zoho joins, announcing Zoho Office for Microsoft SharePoint, which combines the benefits of a collaborative SaaS Suite with the (perceived or real?) security if keeping data behind the firewall.

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Netbooks Resurfaces from Hibernation as WorkingPoint: SaaS for SMB with Nicer UI but Much Less Functionality

I’ve previously covered Netbooks, provider of an Integrated SaaS Business Suite for Very Small Businesses.

The company had an affordable On-Demand integrated business management solution for the   VSB – very small businesses, the “S” in SMB / SME: typically companies with less then 25 employees, sometimes only 3-5, and, most importantly, without professional IT support, in which case Software as a Service is a life-saver.

NetBooks tried to cover a complete business cycle, from opportunity through sales, manufacturing, inventory / warehouse management, shipping, billing, accounting – some with more success then others.   The process logic, the flow between various functional areas was excellent, but it was rendered almost unusable by a horrible UI. And it didn’t scale… so the company disappeared for a long year, completely re-building their code base.

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SAP Discusses SaaS Strategy

John Wookey has a tough job. The former Oracle Exec, currently EVP @ SAP, the Enterprise Software leader is supposed to charter SAP’s foray into On-Demand – in a company whose bread-and-butter is clearly in installed applications and which still largely considers a threat to its traditional lucrative business.

He spent the first 6 months crafting the new strategy, which he first announced at the SIIA OnDemand Europe conference in Amsterdam.

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The Cat is Out of the Bag (Again): The Not-So-Hidden Business Model in SaaS

Forget software: it’s all about (your) data.

Hyper-growing Financial Management system  provider and Quicken / MS Money challenger Mint recently raised eyebrows announcing their plan to sell anonymized aggregate customer data.  Some reviewers were screaming, we saw bombastic titles like Personal Finance Startup Mint Wants To Sell Your Money Trail – but in reality the news wasn’t earth shattering. You don’t really believe your spending patterns are not dissected – aggregated – analyzed in every possible way and sold by your bank and credit card company, do you? 

So nothing new – but a good opportunity to discuss the role of user data in SaaS business models – and there is more than outright sale of data.

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Two Days Left for Under the Radar Online Registration – Get Your Discount Here

We’re at the final countdown stage for the Under the Radar: Clarity in the Cloud conference – it’s coming up this Friday, April 24th, 8:00AM – 6:00PM @ the Microsoft Campus, in Mountain View, CA.  

If it’s named a conference, it has to have a keynote or a panel, and that’s what you get at 9am: the Buyers’ Wish-list Panel:

  • What are technology buyers are hunting for?
  • What cloud technologies have they adopted?
  • How you can get on their wish list?

But that’s where all similarity to a conference ends.  The rest of UtR is actually a giant Startup Launchpad – the American Idol of startups.  Except UtR won’t take months to declare the winners.  The finalists present in a rapid-fire format  – they are grouped in categories of 4 each, in two parallel tracks  and each presenter has about 15 minutes. They get grilled by the judges and audience, then all attendees get to vote  ( I wonder if they upgraded from paper ballots to SMS yet..) and at the end of the conference the winners of each category are announced.

UtR has a good track record of the participants getting funded – about half of them got funded or acquired in the past. (See more stats here.)  If we can believe InformationWeek’s Top 50 Startup list, this year’s roster will also be worth paying attention to:

           
          

          

                      

 

Then there are the Graduate Circle Companies – fomer UtR presenters, who are no longer truly “under the radar”, having proven themselves:

       

       

 

So if you want to be part of 2009 startup history, network with entrepreneurs, VC’s, media, corporate decisionmakers, join us on Friday.   CloudAve is a media partner for this event, several of us (Krish, Graeme, Raju and myself) will be there, and most importantly, we have a deal for you.  Use our VIP registration site for $100 off the non-member price.

If you can’t commit full day, drop by just for the afternoon (it’s Friday).  For the first time in the history of these events, you can now get an after-lunch pass for $275.

See you there!

(Note to PR types: thanks for all your interest, but I am not making advance appointments.  UtR is too vibrant, dynamic, there are too many interesting people to bump into to make such commitments – better go with the flow.  But it’s a small place, and several of us from CloudAve will be there, so I’m sure we’ll meet your startup clients anyway.)

(Cross-posted from CloudAve. To stay abreast of news, analysis and just plain opinion on Cloud Computing, SaaS, Business grab the CloudAve Feed here.)