Touted benefits of the software package include control over multi-tenancy; portability of applications from within the data center to a cloud hosting provider; and customization of user interface to maintain a company's branding and user experience. The company expects to get interest from highly regulated industries like health care and financial services.

While many software vendors have converted packaged software offerings into Web-based platforms, McEachern says flipping that model on its head has some advantages.

"We built it from the beginning from the perspective of a software-as-a-service platform," he says. "We're not going from a single-tenancy model and [forcing in] multi-tenancy concepts."

The LongJump Business Application Platform is available now. Customers referenced in the vendor's press release include NES Financial, which is using the software to bring new financial services to market.