The Power of Software Ecosystems
Today, software vendors are under intense pressure to create new products and services faster and more cost-effectively than ever before. To address this challenge, a growing number of ISVs are opening their technology to third-party developers, creating ecosystems of applications that complement their core solutions. A thriving developer ecosystem can not only drive revenue but also give SaaS companies a huge competitive advantage.
Despite these benefits, many SaaS companies struggle to create ecosystems. Indirect third-party sales—transactions where vendors may have little to no involvement with the buyer—are the fuel for ecosystem monetization, but the legacy solutions that many enterprise ISVs have in place are simply not built for third-party commerce.
ISVs need a better way to launch, scale, and support software ecosystems while driving value, both for developers and for their own bottom lines.