Software as a Service is the technology that has been used here in the given excerpt.
Explanation:
Software as a service is a model in which the software is distributed through a third party who will host the application software on the internet through a web interface medium called website.
This website will be the front end where the application will be given a service. The provider will take care of the performance, security and availability of application over a cloud based computing technology.
The main advantage of this service is saves time, cost and user friendly usage and maximise the profit.