The Software-as-a-Service delivery model has rapidly matured in the past few years, evolving from an experimental delivery method for niche audiences to a widely-practiced business approach. Investors are clearly enamored with it, in part, because it’s helped lower the barrier of entry for filing for an IPO.
That’s certainly been the case with the recent wave of IPOs and S1 filings from the likes of Eloqua, Cornerstone, and Bazaarvoice, all of whom had annual revenues well under $100 million at the time of their respective filings.
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