What is managed hosting as a service (MHaaS)?

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Managed hosting as a service (MHaaS) is supporting a software product for each individual customer. It is a change from the prior business model of selling software to each employee to managing (hosting) software for a customer. It creates a logistical nightmare for the hosting company because they need to cater to each individual customer. However, MHaaS is still supported because it creates a competitive advantage for companies willing to offer it.

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What is managed hosting as a service (MHaaS)?