Media, Inc.

All Penny News: 3TL Signs License Agreement with Fortune 500 Beverage Company


Mississauga, ON -- (SBWIRE) -- 01/08/2016 -- Media, Inc. ( announces its latest article titled "3TL Signs License Agreement With Fortune 500 Beverage Company."

Companies mentioned in this article include 3TL Technologies Corp. (TSX-Venture:TTM).

Article Excerpt:

According to a report by Forbes, the Software as a Service or SaaS market is expected to grow from $49 billion in 2015 to $67 billion in 2018. The market is expected to grow at a compound annual growth rate (CAGR) of 8.14%.

Forbes' outlook for the SaaS market is based on forecasts and market estimates published by research and advisory consultancies, which include International Data Corporation (IDC), Forrester, Gartner, Ovum, Wikibon and others.

In a separate report, Forbes, citing a report from research firm Gartner, notes that in 2014, 47% of total CRM software revenue was generated from SaaS-based CRM applications.

The robust outlook for the SaaS market augurs well for 3TL Technologies Corp. (TSX-Venture:TTM), the developer of Platform3. Platform3 is a SaaS consumer marketing platform. The platform allows Consumer Packaged Goods (CPG) companies and consumer brands to engage shoppers through their mobile device and influence their purchasing decisions.

The full version of this article can be found at:

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