For fans of on-demand software, yesterday was a big day. The mighty SAP (NYSE: SAP), which has built a global empire based on traditional software, launched a comprehensive offering of on-demand solutions.
Basically, on-demand software uses the web as its delivery vehicle. The installation and maintenance requirements tend to be fairly easy. Also, the business model is usually based on subscriptions (not large upfront fees).
But, of course, SAP is not the only European player that is pushing on-demand. Take a look at BRAIN FORCE.
The company has been around since the mid 1980s and went public in 1998 (on the Frankfurt Exchange). Last year, revenues were $120 million and EBITDA came in at $8 million.
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