by Debbie Wilson | November 2, 2011 | Comments Off on A Reminder That Things That Seem To Good To Be True Usually Are
My esteemed colleague and cloud security specialist Jay Heiser made an interesting post today on the apparently-failing Contract Lifecycle Management vendor Mumboe. Mumboe earned much of its customer base by giving its SaaS-delivered solution away. Well, according to an article this week in Law Technology News, that business model didn’t generate enough cash to keep the business going, and so Mumboe is returning data to its clients.
Heiser makes some great points on the importance of keeping a watchful eye on SaaS vendors, because the risk of data and capability loss due to failure is much higher than if you install on premise. And clearly there were signs, such as lack of updates on Mumboe’s website. But perhaps the most important lesson of all is, if something looks too good to be true . . aka free in a market of products you pay for . . . . beware!
Read Complimentary Relevant Research
Top Strategic Predictions for 2018 and Beyond: Pace Yourself, for Sanity's Sake
Technology-based innovation arrives faster than most organizations can keep up with. Before one innovation is implemented, two others...
View Relevant Webinars
Channel Trends 2017: Three Activities to Focus on
Widespread digital transformation and shifting buyer expectations are placing demands on technology provider channel leaders to enhance...
Comments or opinions expressed on this blog are those of the individual contributors only, and do not necessarily represent the views of Gartner, Inc. or its management. Readers may copy and redistribute blog postings on other blogs, or otherwise for private, non-commercial or journalistic purposes, with attribution to Gartner. This content may not be used for any other purposes in any other formats or media. The content on this blog is provided on an "as-is" basis. Gartner shall not be liable for any damages whatsoever arising out of the content or use of this blog.