Business
IP Applications Wins New Contracts with Five SaaS Software Companies in Q1
VANCOUVER, April 2 /CNW/ - IP Applications Corporation (TSX-Venture: IPX) announces that it has s...
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[{"type":"text","content":"\n\n\n\nVANCOUVER, April 2 /CNW/ - IP Applications Corporation (TSX-Venture: IPX)\nannounces that it has signed contracts with five Software-as-a-Service\n("SaaS") companies for billing and payments services during the first quarter\nof 2009. Billing and variable recurring payments will be processed for SaaS\ncompanies providing software development tools, CRM, Twitter-enabled\nrecruiting, online coaching and enterprise software suites for small and\nmedium businesses.\n\n\nJohn Jacobson, President and CEO said, "We won these contracts in\ncompetition with other alternative billing and payment solutions. Five new\nSaaS customers in the quarter demonstrates the depth of demand for our online\nservice and its competitive strengths: our unique SaaS reseller capability\ncombined with our powerful and comprehensive rating engine backed by a team\nwith ten years of hands-on SaaS delivery experience.\n\n\nWe expect revenue from our new SaaS clients to grow as they succeed and\ntheir revenues multiply. Two of these new customers are already using our\napplication and the other three will go live through Q2 and Q3 2009. In terms\nof long-term value to IP Applications, the lifetime value of a client's\nrecurring revenue grows as their business grows. To speed up this process we\nprovide the tools they need, from subscriber storefronts to administration\nportals to payment processing, so that their success becomes our success as\nquickly as possible."\n\n\nSaaS and Cloud Computing delivery technology for software applications is\ngaining momentum. Recently announced new products like Azure(R) from\nMicrosoft(R) and BlueCloud(R) from IBM(R) are attractive because they reduce\nenterprise IT operating costs. A critical component of the delivery process is\na metering and billing solution that allows the service provider to deliver\ninvoices and collect payment on a usage basis. IP Application's online billing\napplication is meeting this need for a rapidly growing number of companies.\n\n\nAbout IP Applications\n\n\nIP Applications Corp. (www.ipapplications.com) delivers billing, payments\nprocessing and technical support services for online businesses. The Company's\non-demand billing and payments application delivers variable recurring\npayments processing and subscriber lifecycle management for\nSoftware-as-a-Service (S...