application service provider
- noun a specialist company that installs, configures, and manages software on its own server and then allows any business to use the software via the Internet or a private network.
- A business entity that hosts software applications in exchange for a fee. Such applications are accessed via a network, such as the Internet, and enable, for instance, a company to use a suite of specialized programs without having to make sizeable initial investments in software, hardware, networks, nor expert personnel. Its abbreviation is ASP.