Target company (small software business with recurring revenue) is currently on-prem and would require a rebuild of the product to turn it into SaaS. Curious to connect with folks who have been through this process before - pitfalls to watch out for, how to transition old customers to new platform, etc.
More on Searchfunder
Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
Among the issues you'll need to address:
- Do the benefits outweigh the risks and costs of migrating from on-prem to cloud?
- What information is stored in the software. By delivering via cloud, does this open up new cybersecurity attack surface that they'll need to manage differently than other systems? What is the cost/ complexity in this?
- How would customers feel about paying monthly or annually for software (particularly if previously they paid once, and then only for as needed updates).
- What are the compliance, legal, and technical hurdles of moving them from on-prem to cloud (this is perhaps the biggest risk/ point of failure - particularly when dealing with customers in regulated spaces. It could take years to move a customer base to cloud.