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Silver Lining in the Downturn: Cheaper Tech Talent

February 3, 2009
by Jon Fortt
Blogger, Big Tech, Fortune

Jon Fortt

Good news is hard to come by these days, so here’s a nugget about a business that’s found a silver lining in the economic clouds.

I grabbed breakfast this morning with Serguei Sofinski, CEO of Intermedia, a privately held software-as-a-service company that sells a browser-based version of Microsoft (MSFT) Exchange email that customers use for a pay-as-you-go monthly fee. Sofinski’s business isn’t immune to the economic climate–he didn’t see much growth last year, and December was rough–but he says things have been looking up in January. (Intermedia is cash-flow positive, according to Sofinski, so it doesn’t have to worry about hitting up investors for funding during the downturn. )

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