A SaaS History Lesson – The First SaaS Company's Exceptional Journey
Tom Tunguz
APRIL 27, 2015
The company went public on this model in 1998. 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. That company is Concur, the travel and expense business.
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