NIIT Technologies, a leading IT solutions organization headquartered in New Delhi, today unveiled a new paradigm offering - 'Software as a Service' (SaaS). With this offering enterprise solutions can be made available for use by companies as and when required or 'on demand'.

'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', stated Mr. Arvind Thakur, CEO, NIIT Technologies.

'Gartner predicts that by 2012, at least one-third of business application software spending will be as service subscription instead of as product license. They also predict that by 2010, 30% of new software purchases in Asia-Pacific will be delivered via an application utility or SaaS model. Analysts also report that the market potential for SaaS in Asia is estimated to reach $1.16 billion by 2010.

NIIT Technologies' extended suit of SaaS based offerings will harness the potential of IT without huge upfront investments. The flexibility of the model is built around a 'shared services' concept where enterprises can feed from a common pool of customized IT applications. This scalable offering will offer full functionality of business processes and can be structured innovatively in terms of pricing which can be subscription based or transaction based with assured performance SLA's.

Mr Arvind Mehrotra, Sr.Vice President & Head - APAC & India, NIIT Technologies said, 'Initially the service from NIIT technologies will focus on the procurement process but will soon get extended to key business processes like Sales & Distribution, Financials and HR Management & Payroll'.

'This is a distinctly unique offering for the Indian market which can benefit medium-to-large corporate and government organizations'. He added.

'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.

Sourced from: Brodeur India