Diligent Board Member Services has reported its first positive quarterly operating profit.

Xero boss Rod Drury has taken issue with NBR and NZ Herald stories describing  Accomplish CashManager Online as a SaaS (software as a service) product, and Accomplish's claim on its website that it the newly-launched product is “accessible from any PC with an internet connection - meaning you can work anywhere, anytime”.

Accomplished launched an online version of its accounting software product last Thursday (read Accomplish takes on Xero).

UPDATE: A rep for Microsoft says Business Productivity Online customers will have a choice of hosting with Telecom, via a Microsoft partner, or on-premise via Gen-i.

Taking a baby step beyond shrink-wrapped software, Microsoft has launched a hosted service called Business Productivity Online suite.