About

 

Innuity - About Innuity

 Profile


Innuity is a publicly held, Software as a Service (SaaS) company that designs, acquires and integrates applications to deliver solutions for small business.

The company’s Internet technology is based on an affordable, on-demand model that allows small businesses to interact simply with customers, business partners and vendors and efficiently manage their business. Using Innuity's on-demand applications, small businesses can grow their revenues, reach and serve customers and run everyday operations.

Innuity currently has two operating divisions, Promotion and Commerce, each of which is focused on a critical business process. The applications and solutions offered by the Promotion division help small businesses market and promote their products and services, while the offerings of the Commerce division can facilitate and improve a small business’ selling processes and transaction processing capabilities.

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 Technology Foundation


Innuity delivers its small business information system solutions through its Internet technology platform – Innuity Velocity™. Employing proprietary technology and integration processes, the Velocity platform provides small businesses the opportunity to choose applications that are right for their businesses – individually or as an integrated package – with minimum initial start-up costs and maintenance.

With Innuity’s use-based pricing, small businesses pay a monthly subscription fee for the applications or integrated packages that address three major small business life stages: Getting started, growth and profitability.

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 Small Business Market


According to government statistics, there are over 24 million businesses in the United States with fewer than 500 employees. Market intelligence firm IDC predicts that while worldwide IT spending will grow by 6.6% in 2007, small to medium-sized business (SMB) IT spending will grow by 8.4% In this same time period, SMBs will represent between 50% and 70% of the potential market for IT vendors. IDC also sees an upward trend in 2007 towards increased selling of SaaS products to SMBs.

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 Market Approach


Innuity approaches the small business market via three distinct methodologies:

  • Private Label
    Innuity enters into strategic partner arrangements with well-positioned, “market leader” companies such as Sam’s Club who private label Innuity offerings and sell them to their small business customers under their own brand.

  • Aggregators
    Targeted Innuity products are also sold directly to aggregators who are companies operating under a franchiser/franchisee or replicated corporate business site model such as Red Robin, Jamba Juice, Peet’s Coffee and Kimpton.

  • Direct
    Via a direct sales model, Innuity sells integrated packages and popular individual products-services targeted at a small business “life stage” – that is, getting started, growth and profitability.

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