IT Companies That Stand to Profit During the Financial Crisis

By Chris Preimesberger  |  Posted 2008-10-06 Print this article Print

Because they are providing exactly the right services at exactly the right time, enterprises in certain subsectors of IT are beginning to get busy helping clean up the Wall Street/Main Street financial debacle. Companies in e-discovery, archiving, enterprise search, risk management and secure file transfers are among those "lucky" ones.

Like any movement in the U.S. macroeconomy, the current banking implosion and subsequent credit contraction are hurting a lot of enterprises, but it also is uncovering some opportunities for those in the right place at the right time.

As the government takes over banks such as Washington Mutual and investment houses such as Bear Stearns, you can bet plenty of digital research is starting up behind the scenes to find out who made what bad decision and why. They're also going to be looking for who was cheating, who knew what (and when did they know it), and who ended up with money they weren't supposed to have.

There is renewed interest in the e-discovery software sector, along with other subsets of the IT market, such as secure and managed file transfers, risk management software, enterprise search, and second-tier disk and tape backup and archiving.

E-discovery search and storage providers await a litigation boom following the financial crash. Click here to read more.


It's funny what a real-life crisis can do to compel businesses-as well as individual citizens-to think and plan ahead. As a result of this growing national problem, there appears to be an Iron Mountain (pun intended) of work ahead for so many people.

Prosecutions, indictments, lawsuits and civil actions are forthcoming. Lawyers are going to be busier than usual for the next few years on these cases. They will be scouring through disk- and tape-based storage on all levels for documents, e-mails, spreadsheets, Web archives, PowerPoint presentations, IM transcriptions, audio tape and videos to find out the truth.

No desktop, laptop, storage array, tape cartridge, cell phone, BlackBerry, database, Web page or memory stick involved in any of this will be left untouched.

We thought we would break down these categories and examine their busyness prospects.

5 Technology Businesses Poised to Boom in the Financial Crisis. Click here for the full list.


Chris Preimesberger Chris Preimesberger was named Editor-in-Chief of Features & Analysis at eWEEK in November 2011. Previously he served eWEEK as Senior Writer, covering a range of IT sectors that include data center systems, cloud computing, storage, virtualization, green IT, e-discovery and IT governance. His blog, Storage Station, is considered a go-to information source. Chris won a national Folio Award for magazine writing in November 2011 for a cover story on and CEO-founder Marc Benioff, and he has served as a judge for the SIIA Codie Awards since 2005. In previous IT journalism, Chris was a founding editor of both IT Manager's Journal and and was managing editor of Software Development magazine. His diverse resume also includes: sportswriter for the Los Angeles Daily News, covering NCAA and NBA basketball, television critic for the Palo Alto Times Tribune, and Sports Information Director at Stanford University. He has served as a correspondent for The Associated Press, covering Stanford and NCAA tournament basketball, since 1983. He has covered a number of major events, including the 1984 Democratic National Convention, a Presidential press conference at the White House in 1993, the Emmy Awards (three times), two Rose Bowls, the Fiesta Bowl, several NCAA men's and women's basketball tournaments, a Formula One Grand Prix auto race, a heavyweight boxing championship bout (Ali vs. Spinks, 1978), and the 1985 Super Bowl. A 1975 graduate of Pepperdine University in Malibu, Calif., Chris has won more than a dozen regional and national awards for his work. He and his wife, Rebecca, have four children and reside in Redwood City, Calif.Follow on Twitter: editingwhiz

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