Current Market Conditions

The current market conditions are certainly creating many challenges for all of us. Whether it is a reduction in work force at your employer or trying to buy a new car. GMAC's announcement that they will only approve those with a FICO score over 700, will limit who can gain financing to the vast majority of the public in today's world. Yet they wonder why they can't sell cars ;)

When people ask me how we're "weathering the storm" and how we're adjusting to the "new market", I tell them the truth. We're hiring people, we're expediting our new product version releases and we're going to have our largest quarter in the history of the company.

To some this is shocking, to others who know the market we are in or in similar markets, they explain that they are doing the same and seeing the same growth potential. In the world of archiving, the data exists for a reason. It exists solely for the function of being able to access it in the future.

What the market is discovering is that their existing applications and storage platforms are unable to retrieve the data in either a fast enough time frame or the fact that some applications are failing all together. Here is the issue. The main function these applications are to provide, they can not. Procedo re-enables our customers to be able to discover this data by migrating it from one archive platform to another in a guaranteed method.

In the times of increased oversight, mergers & acquisitions, takeovers, shareholder lawsuits; the one key item for all of these will be a need for e-discovery solutions. Being able to move the data forward into applications, storage or even SaaS providers that can produce the data on demand as needed will be critical for these companies and exactly what Procedo does. We enable these companies to respond to the demands that are being placed on them in terms of their archived data.