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CrownPeak, a player in the Web content management field, announced significant growth in the third quarter of 2008. The company reports that the company's record growth was fueled by positive expansion of the overall Software-as-a-Service (SaaS) industry.
In addition to the record quarter-over-quarter growth, CrownPeak has announced new high-profile clients that are utilizing CrownPeak CMS for their Website deployment and extranet solutions. To compliment new projects from new customers, CrownPeak has also seen growth from being able to add new projects from existing clients as well.
As a part of its new SaaS endeavor, the company has hired Chris Taylor, VP of Professional Services. Taylor complements CrownPeak with experience in technology, software and technology professional services. CrownPeak hopes the new hire will help further expand their business from their software services group.
In an economic environment where enterprises are looking to effectively manage their technology spending, SaaS solutions providers such as CrownPeak will further gain from the opportunities they present to their clients.
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the very fact that SaaS companies continue to grow in the midst of economic turmoil point at the fact that SaaS solutions are a viable option for companies to curb technology expenditure and not compromise on quality.