The firm expects organisations of between 500 to 1,000 seats, and anything up to 10,000 seats, to be keen to invest in the on-demand version of the software.
"There is a whole new opportunity with advanced collaboration fuelled and compelled by advances in the Web 2.0 world," said Picciano. "We plan to serve the requirements of companies small and large."
The product could also feature tight integration with the Lotus Connections enterprise social software offering, although further details will be released "within a single digit number" of weeks, said Picciano.
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