Authentication System

Beginning of the Dot com Boom and Birth of SaaS
By P Paul

The "dot-com bubble" spanning a period roughly between the late 1990s and the beginning of the century saw numerous upsets and stock market collapses. Companies in the new Internet sector and related fields noticed their value increase rapidly in a short span of time. The period was marked by the founding of numerous new Internet based companies commonly referred to as dot-coms.

Quite a few of these dot-coms were highly successful but most that went bust, ran out of capital and were acquired or liquidated. It looked like all such companies focused to increase their valuation to consequently being funded by Venture Capitalists or being bought over. One primary reason for such companies to fail was that, most such start-ups did not focus on the end-users.

Companies that survived the dot-com bubble were those that provided value-added services to end-users by providing a unique experience or additional value that was either not possible through an offline mechanism or that made a particular job comparatively easier, when made available online.

One such category of companies was dot-coms that offered Software as a Service (SaaS).

What is SaaS and on-demand software?
Software as a Service (SaaS) is a model of software delivery where a software company provides maintenance, daily technical operations, and support for the software provided to their clients. SaaS is a software delivery model and not a market segment.
The key characteristics of SaaS include:

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