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    IT Companies That Stand to Profit During the Financial Crisis

    By
    Chris Preimesberger
    -
    October 6, 2008
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      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
      https://www.eweek.com/author/cpreimesberger/
      Chris J. Preimesberger is Editor Emeritus of eWEEK. In his 16 years and more than 5,000 articles at eWEEK, he distinguished himself in reporting and analysis of the business use of new-gen IT in a variety of sectors, including cloud computing, data center systems, storage, edge systems, security and others. In February 2017 and September 2018, Chris was named among the 250 most influential business journalists in the world (https://richtopia.com/inspirational-people/top-250-business-journalists/) by Richtopia, a UK research firm that used analytics to compile the ranking. He has won several national and regional awards for his work, including a 2011 Folio Award for a profile (https://www.eweek.com/cloud/marc-benioff-trend-seer-and-business-socialist/) of Salesforce founder/CEO Marc Benioff--the only time he has entered the competition. Previously, Chris was a founding editor of both IT Manager's Journal and DevX.com and was managing editor of Software Development magazine. He has been a stringer for the Associated Press since 1983 and resides in Silicon Valley.

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