SaaS 20 Stock Index Down 3.6% for the Week

Software as a service (SaaS) may represent the future of IT, but MSPmentor’s SaaS 20 Stock Index continues to slide downward like the rest of Wall Street. While the Dow is approaching bear market territory — down nearly 20% from its October 2007 high — the SaaS 20 Stock Index has slid 16.38% in 2008 and 3.63% for the week ended June 27.

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Blackboard Reveals SaaS Financial Trends

Blackboard logo on MSPmentorEvidence is mounting that the software as a service (SaaS) industry is doing well — but not quite as well as financial analysts had expected. The latest anecdote comes from Blackboard Inc., a company that offers hosted applications to colleges and universities.

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