Exchange Hosting
Microsoft Exchange Server can also be purchased as a hosted service from a number of providers. Though Exchange hosting has been around for more than 10 years, it is only recently that many providers have been marketing the service as "Cloud Computing" or Software-as-a-Service. Exchange hosting allows for Microsoft Exchange Server to be running in the Internet also called the Cloud and managed by a "Hosted Exchange Server provider" instead of building and deploying the system in-house.
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—Sunday Correspondent (London, Aug. 12, 1990)