Good for you, buddy.
That means all your stuff is (designs, makes, everything you’ll create with their software will be held -and very likely viewed and stored -) on someone else’s computer. Also your software… oh wait, it’s not your software as it’s hosted by them, so not only they have control over the software but also they have control over your work. And on top of all this, you’re paying them (monthly or yearly) to do exactly that… I must say, it’s indeed a very smart move… from your perspective… My perspective is a bit (more) different., but then again, we might be seeing things differently, so that could explain it. Anyways, good luck with the newly acquired license for something you don’t actually own and control.
Cheers, buddy.