SaaS-based technologies allow enterprise companies to meet immediate goals at lower out-of-pocket costs while Saas-based Solutions Providers benefit from longer-term annuity stream income.
(PRWEB) August 03, 2015
Lotus Innovations (http://lotus-innovations.com), the fast-growing private equity investment firm focused on transforming Enterprise IT Services companies into SaaS-based companies, commented today on their recently completed multi-sourced analysis on why Cloud-based technologies are smarter solutions for Enterprise companies and savvy investments for the future. Based on Lotus Innovations' multi-sourced analysis, market projections demonstrate the strength of SaaS-based companies for faster growth multiples over traditional IT spending. The full report from Lotus Innovations will be made available to key investors and partners.
“For forward-focused enterprise companies and investors, Cloud computing is the most important technology advancement since broadband capacity and data compression made the Internet an essential part of business operations,” said Christian Mack, Managing Partner of Lotus Innovations, LLC. “Our analysis shows that SaaS-based technologies allow enterprise companies to meet immediate implementation goals at lower out-of-pocket costs while Saas-based Solutions Providers benefit from longer-term annuity stream income.”
Mack’s comments are part of Lotus Innovations’ multi-sourced analysis of recent research findings from leading industry and financial analysts including Gartner, Forrester, Accenture, Cisco, Centaur Partners’, Goldman Sachs, and industry publications, ComputerWorld and NetworkWorld.
Lotus Innovations was founded with the goal to build job growth in the United States by transforming entrepreneurial Enterprise IT Professional Services into SaaS-based companies. Lotus Innovations, located at University Research Park in Irvine, California, completed an over-subscribed first round of financing in 2014 to create the successful private equity fund that employs proprietary methodology and embedded management to accelerate growth and valuations for portfolio companies. Christian Mack, Linda Ritchie, Mark Prynn, Philip Jones and David Roman are Managing Directors of the Fund.
Lotus Innovations' collective research findings forecasts industry projections that growth in SaaS-based IT spending will far outpace traditional IT enterprise software installations by 2020. With a portfolio of Enterprise IT services companies including gen-E, Ramp Consulting and IQ Logic, Lotus Innovations’ is active in ComputerWorld’s three of five top tech spending categories in 2015: Cloud Computing, Business Analytics and Wireless/Mobile.
“Multiple industry studies validate the transition from traditional IT installations to Cloud-based solutions,” added Mack. “According to research from Gartner, Forrester and others, global buyers recognize the three core values of cloud applications: cost, continuous innovation and enterprise agility. Lotus Innovations’ focus on transforming Enterprise IT companies into SaaS-based solutions providers is designed to capitalize on this industry trend. We are witnessing the first point of transition as companies move from cloud-based pilot projects to mission-critical development and installation.”
ABOUT LOTUS INNOVATIONS
Lotus Innovations, located in Irvine, California, is a Private Equity Fund focused on transforming Enterprise IT Services companies into SaaS-based companies. By operationalizing a repeatable process with Lotus Innovations’ proprietary methodology and embedded management, the fund creates a new paradigm that accelerates growth and valuations.
The investment strategy and proven operational platform creates a repeatable methodology for success while significantly improved growth prospects, cash flows, balance sheets, and market valuations.