Before I start about SaaS companies, let me tell you what SaaS is? SaaS is the short form of Software-as-a-Service. But it’s still confusing you, right? Hell, I was also clueless. So let’s start from the beginning. SaaS is a type of cloud service. Now what is cloud service? Wait, what is cloud? Cloud is just a metaphor for internet. Cloud services are the services which are provided to you over internet. Now you will most probably use SaaS as it is easily accessible through many web browsers. So SaaS is a type of service where a company makes software and uploads it or saves it on the cloud. Now the client company, who needs that software, contacts the company which has manufactured the software and pays them. Then the manufacturing companies provide the client companies with some kind of access code and hence they can use the software on the go and from wherever there is an internet connection. I have laid it down in very layman terms for easy understanding of what SaaS basically is.

The SaaS companies provide you with the software and manage all the work related to it like networking, storage, servers, virtualization, operating systems, middleware, runtime, data and applications etc. the benefits which SaaS companies provide you are like excellent security procedures (because they have to protect their stuff too), freedom to run your business from anywhere and everywhere (provided anywhere and everywhere have an internet connection, SaaS doesn’t works on barren islands), no need to worry about data recovery (because the products are available on cloud but are also stored as a backup at the server locations) and the efficiency of multi tenant system (many companies using same product means quicker turnarounds). So the three SaaS companies to watch out for are as follows.

First is Antenna Softwares. It offers mobile SaaS and antenna mobility platform (AMP) to manage your mobile apps. It is at first position because it is offering services in two major fields of IT which are cloud computing and mobility. Both have huge scope for growth. Second is the Clouds9 Analytics. This SaaS offering company offers pipeline accelerator, pipeline management and real time sales forecasting. It is at second place because slowly more businesses are opting for cloud based business intelligence (BI). The third company which is on the list is CVM Solutions. This company offers us CVM supplier central, performance and supplier risk management software-as-a-service. So watch out for these companies. They can, and most probably will, make it big in the coming years.