Software company turns to the cloud to rebound from financial crisis

Replicon, a software company founded by husband-and-wife team Raj Narayanaswamy and Lakshmi Raj, experienced a drop in revenue after the financial crisis hit a few years ago. They got their business back on track by opening an office in the U.S. and converting their cloud-based time-tracking product into software-as-a-service that could be used by large and small companies alike. The company rebounded and reached $27 million in revenue in 2012.

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