Building SaaS (Software as a Service) products is quite complex as the provider needs to service several organizations having different requirements. SaaS Product Engineering is a cumbersome process, taking long duration to develop products demanded by organizations. With IT organizations on the rise in the industry, the competition have increased manifold. The need for innovative products has risen considerably with companies demanding new products on a regular basis. IT companies, irrespective of size and location, have joined the bandwagon of product engineering and development. However, it is not possible to develop new products at regular intervals without a proper team and infrastructure. To solve this issue and many others, LTS introduced the BOMT Model.
New Product Development helps companies beat the competition and even attract new business. Small and medium IT companies, independent software vendors, entrepreneurs, and even major IT companies find the BOMT Model a convenient option for SaaS Product Engineering. Build-Operate-Market-Transfer Model is the recently introduced concept wherein IT companies outsource the product development to offshore locations. This way, the companies stay relaxed without worrying much about many things that go into product development. Outsourcing through the model helps companies develop products that are based on latest technology. LTS takes care of everything right from building a new brand, setting up the team, operations and management, marketing and promotions, etc. The ownership of the subsidiary is transferred to the parent company, when it is ready for the same.
With the BOMT Model, companies need not develop new team; they can conveniently outsource the product development to experienced companies at affordable costs. Many companies do not have idle investment for product development. With the Model, they do not have part with a bigger amount for the same. The Build Phase of the model takes care of putting together a team, product development with scalable architecture, extension to mobile and other activities, whereas the Operate Phase takes care of operations and execution. The Market Phase is the first ever introduction in such models. This particular phase, exclusively offered by LTS takes care of promotional activities of the new product developed. Earlier, other models like BOT did not offer this service and made it inconvenient for companies. However, with this ingenious service, IT companies need not take any kind of trouble with product development.
The pressure on companies to develop and market new product reduces with the BOMT Model in action. With this, IT companies, especially independent software vendors can pay more attention to core business that consumes much time. The experienced and talented team of professionals takes care of all the activities. The intense competition demands high quality services for SaaS product engineering and LTS offers the same. Inculcated with the latest technology and best services, the team offers cost effective model that helps companies grow and expand. The distinguishing feature of the model is its risk sharing feature. Changing trends in the industry have coaxed companies to go for such advanced and beneficial models that give them an edge in the competition.
About BOMT
BOMT(Build, Operate, Market, and Transform) model, It is an innovative hybrid partner product development that offers a low-risk, hassle-free, cost-effective global sourcing strategy. BOMT works exceptionally well with StartUps, Entrepreneurs and ISVs. It ensures incubation, development, Gestation and transformation support to increase revenue and maximize ROI in short span of time.
For more details about service i.e. BOMT please click here or write us at– enquiry@leosys.net.
About LTS
LTS is Outsourced Software Product Development Company with innovation centers in LA, Chicago and India. The Company expertise covers BI, SaaS based applications, Cloud Computing, Migration, Integration, Cross Platform, Testing, Mobility, Big Data, Product Development, SharePoint, SaaS Tenant and IoT Integrations.
To know more about LTS, contact us at enquiry@leosys.net or call us at 407-965-5509.