BMC Software, Inc. (NASDAQ: BMC) provides information technology (IT) management solutions primarily for large enterprises. Its portfolio of IT management software solutions automates the management of IT processes, mainframe, distributed, virtualized and cloud computing environments, as well as applications and databases.
SaaS is growing up. IT executives are recognizing the power of Software as a Service (SaaS) to not only reduce the amount of hardware and software owned and managed on-premise, but also to transform IT to meet business objectives more effectively, manage risk, and integrate applications. The market for SaaS will continue to rise significantly over the next few years. Many IT organizations are now taking a SaaS-first approach to supporting business operations.
SaaS Is Here to Stay
SaaS tools were originally considered to be niche products, largely confined to the CRM (Customer Relationship Management) segment of a company's application portfolio. SaaS products have matured considerably over the past ten years and are now available to support back-office and mid-office operations as well. A variety of SaaS tools support human resources functions, such as recruiting, contingent worker management, performance management, succession planning, payroll and bonus administration, and so on. SaaS capabilities have crept into the IT function in many areas.