In most instances the savings over a rental model are achieved by the end of the second year -- just about the time the original SaaS contract is up for renewal
Blue Bell, PA (PRWEB) February 8, 2008
PDS, an award-winning developer of web-based human resource and payroll systems, today announced that it experienced significant growth in 2007 by doubling its revenues over 2006. Sales from the company's hosted Vista HRMS (human resource management system) model grew from 30 percent of its licenses in 2006 to 55 percent in 2007.
"The fact that more than half of our sales last year were for our hosted solution really validates this approach," said George Brady, vice president at PDS. "We believe that one size does not fit all. Under our model, we host our clients' licensed software in a single-tenanted environment using a secure VPN point to point connection and our clients are able to configure our Vista solution to meet their own needs all without the need for in-house IT support."
The subscription or rental model offered by SaaS (Software as a Service) vendors requires the user to conform, on the most part, to what those vendors refer to as 'best practices.' With the Vista hosting model, users achieve superior ROI as a result of paying a one-time license fee and a modest monthly hosting fee. "In most instances the savings over a rental model are achieved by the end of the second year -- just about the time the original SaaS contract is up for renewal," explained Brady.
Much of PDS's success is a result of its recurring monthly revenue from its hosted solution. In 2007, this number grew 458 percent from 2006 recurring monthly revenue. PDS ended the year with a strong fourth quarter, adding new clients such as Davaco and Deep South Insurance (Dallas, Texas), Hospital Partners (Charlotte, N.C.), James City County (Williamsburg, Va.), Kongsberg (Milan, Tenn.) and Montecito Bank (Santa Barbara, Calif.).
In the software development business for more than 30 years, PDS is a provider of a web-based, feature-rich, completely integrated human resource, benefits administration and payroll software application that enables organizations to focus on more strategic issues and less on administrative HR and payroll activities. PDS offers a full range of professional services to a wide variety of industries in the U.S. and in Canada. Founded in 1974, PDS is a privately-held company headquartered in Blue Bell, Pa. For more information on PDS visit http://www.pdssoftware.com.
PDS and the PDS logo are registered trademarks and Vista is a trademark of Personnel Data Systems Inc. All other trademarks or registered trademarks are properties of their respective owners.
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.