No Slow Down for SaaS

From the article "No Slow Down for Saas" from the December issue of Wall Street and Technology.

Still tight budgets and small IT staffs will drive Wall Street firms' preference for renting software rather than buying it.

Buy side firms will continue to make heavy use of hosted software in 2010, according to Paul Migliore. CEO of Citisoft, Inc.  "In the last year, assets under management have dropped dramatically because of the depression in the marketplace," he points out. "With the increased pressure on margins, there's a much bigger pressure on operational efficiency, especially in the middle and back office, which leads to more discussions around outsourcing and application service provider models, as well as FSP models -- full service providers," he says, referring to outsourcing models -- for instance, a firm contracting State Street to do all its accounting.

 The full article can be found in the December 2009 issue of Wall Street and Technology.