F3 Technologies, Inc. (FTCH.PK), an Atlanta-based Software-as-a-Service (SaaS) development company and application service provider, is focused on providing on-demand internet solutions to consumers and small to mid-sized companies. The company’s flagship products include Ascend™ Global Business Solution, Interaction™ Community System, and Fargo Tube™.
Ascend™ is full service on-demand business software designed to manage all organization-wide tasks on one unified technology platform. Interaction™ is full-service on-demand software designed to manage community associations and homeowner associations. Fargo Tube™ is a capitalized video sharing service that offers users numerous ways to get paid for their uploaded video content.
According to Gartner, Software-as-a-Service (SaaS) will have a compound annual growth rate of 22.1% through 2011 for the aggregate enterprise application software markets. This figure is more than double the growth rate for total enterprise software. Additionally, IDC predicts SaaS will grow to a $10.7B worldwide market in 2009. These projections points out the greater acceptance and mainstream momentum of SaaS, especially with larger corporations, and suggests the future of IT is also moving away from on-premise system administration.
Helping its end users realize personal, professional, social, and business-oriented goals, F3 hopes to deliver the most advanced technology solutions that are easy to use, competitively priced, applicable to all users within a business, and encompass the full scope of customer’s business activities. The company plans to emphasize the range of functionality of both the Ascend™ and Interaction™ products with a below market price tag.
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