10% of software VC investments went into SAAS in 2005

In 2005, the $460 mln that venture capitalists put into software-as-a-service companies was about 10% of software investments, according to TripleTree LLC. SAAS investments should rise to almost $1 bln in 2007.

By ZDNet Editors for IT Facts | February 23, 2006 -- 14:10 GMT (06:10 PST) | Topic: Tech Industry

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In 2005, the $460 mln that venture capitalists put into software-as-a-service companies was about 10% of software investments, according to TripleTree LLC. SAAS investments should rise to almost $1 bln in 2007.