The general state of the economy may be bleak but not in the world of software-as-a-service. According to Nine Lives Media's SaaS Stock Index, SaaS stock rose nearly 30% in the first half of 2009.
Among the big winners are Taleo Corp (up 133%), Amazon.com (63%), SuccessFactors, Inc. (59%), RightNow (52%), Constant Contact (49%), Kenexa Corp. (44%), and NetSuite (39%). Others such as Dell, Google, Salary.com, and Ingram Micro also jumped, a potential sign of things to come. While the performance of SaaS may have been less than stellar in 2008, perhaps SaaS is one market that can help lead us out of the current economic climate.
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