Destiny Media Tech Inc (DSNY)

[DoughDiligence]

The SaaS market has been around for a long time.

My whole problem with the SaaS concept is storing critical company data outside of my control and security. The SaaS software vendors like to say that the data is as secure as locally controlled data and software. In Seattle, Alaska Airlines recently had their plane reservation system crash due to a Sprint fiber optic cable that was cut outside of our state. All their Sea-Tac flights were cancelled for a day and it was chaos for passengers and crews.

Destiny is an ideal SaaS company. They offer a service such as encoding and sending the music files, but they do not have to store any critical corporate data.

Destiny is too small a company to appear on this list with Microsoft and Adobe. Once Clipstream G2 is on the market that will change.