A SaaS History Lesson – The First SaaS Company's Exceptional Journey
Tom Tunguz
APRIL 27, 2015
But soon after the crash of 2001, the startup’s market cap totaled only $8M. So the business evolved again and became a pure SaaS business, selling software accessible to anyone with a browser. Thirteen years later, the company generated more than $600M in annual revenue in 2014 and sold to SAP for $8.3B
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