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Jul 01, 2009 - 2:58 PM EDT
Ockham Research submits:Amazon.com (AMZN) is well known as one of the top e-commerce sites on the web, but over the last few years it has been adding a new component to its business model. Amazon has become a software as a service (SaaS) provider for enterprise clients through its on-demand cloud computing solution. SaaS is a rapidly growing and developing segment of technology, which follows a very different model than that of traditional perpetual license software sales.
SaaS is still a nebulous and evolving concept, but in its most basic terms, SaaS is an on-demand delivery model that utilizes the internet to provide access to existing applications from anywhere with a web connection. Amazon.com provides its Web Services portal and in particular Amazon Elastic Cloud Computing service (aka Amazon EC2) as a truly on demand, as needed computing power and web infrastructure solution. Of course, most of Amazon’s clientele for Amazon EC2 are businesses that do not want to spend the resources to build out expensive servers until they have the revenue necessary to warrant such actions.
Source: Seeking Alpha (Jul 01, 2009 - 2:58 PM EDT)
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