By Sramana Mitra and guest author Shaloo Shalini SM: Can you talk a bit more about what these GCI order to cash components are, what vendors do they come from, and what the organizing principle of this environment is?
I have been calling for Intuit to start rolling up a SaaS portfolio for a while. [Read: ADP and Intuit Should Acquire Some SaaS, Intuit Needs To Acquire Into SaaS and SaaS Acquisitions Recommended For ADP and Intuit]. Well, Intuit just acquired PayCycle for $170 million, which was right at the top of my recommendation
In the recap mode, here are the top seven SaaS startups that I am tracking: * Qualys – Managed security and compliance; Interview with CEO Philippe Courtot; Forbes Column: The Next VmWare.
Here’s some more catching up material for the holiday weekend: In the last month, we have featured the following companies in the Deal Radar 2008 series: * SaaS: PayCycle, Bill.com, Daptiv, PayScale. * Online Video/IPTV: Joost, VideoEgg, YuMe, BitTorrent, Brightcove, Revver, MotionBox, Veoh. * Others: Inform, Mercado, AKQA, Geni, Blurb, Mimosa, Metaweb, Cake Financial, and
Bill.com is targeted towards small and medium sized businesses, their accountants and bookkeepers, to help them send, receive, route, pay and store bills. The company recently changed its name from CashView.
PayCycle provides online payroll services for small businesses and for the accounting professionals who serve them. Their mission is to make paper-based payroll obsolete. Using a unique Do-It-With-You model, they guide users through the entire payroll procedure online – from paychecks to W-2s. The company has highly experienced professionals who have previously developed products like
We discussed the rise of On-Demand Software-as-a-Service (SaaS) in the enterprise as a 2008 trend. However, SaaS will rise in the Small-Medium Enterprise (SME) markets as well.
SM: You may have to do some of that equity/liquidity swapping due to the structure of venture funds. JH: One of our funding sources may have to close out their fund, and in that case we will go find someone to help do that. In fact we just recently had a conversation about this amongst