Cloud Software Use Accelerates, Says Citi

Barron's

Citigroup‘s Walter Pritchard today writes that the software-as-a-service, or SaaS, market for enterprise applications has arrived at a “ripping point,” by which he means that the practice of ripping out older software and replacing it with cloud-based, hosted applications, appears to be accelerating.

Based on a conversation with Appirio, a San Mateo, California systems integrator for SaaS, Pritchard observed there is a hefty amount of removal being done of older enterprise resource planning, or “ERP,” applications...