The Recession Is Over!

Yeah yeah, I know this is still being debated. I waited for awhile to post after reading this as just like everyone, has their doubts regarding if this is true or not, did the cash for clunkers create an artificial high, did the expired, soon to be expanded $8000 homebuyer credit contribute, etc.

At Procedo we have weathered through this past 12 months just like everyone. Being impacted in at least one way or another during that time. However, we are seeing the activity levels or real deals starting to increase. What is interesting is that during the time we never really saw a dip in our activity, but what we are seeing now is an increase of deals starting to close. The shear volume of deals increasing, but more importantly, real deals that have been on the radar for some time with our clients preparing for them are starting to close as well.

We're seeing more of the "want to get done" deals happening vs. just the "need to get done."

What we're also seeing, is the continued need and drive towards archive improvements. As many of our partners have indicated over the years, archiving is continuing to be an integral part of the organization and is no longer just a want. Companies are realizing the vast benefits of archiving. What we are starting to see a major trend with is not just archiving, but companies demanding more from their archives and therefore an increase in migrations from one archiving platform to another.

We're excited to be partnered with so many leading providers in the archiving space and working with them bring new customers to their platform through competitive archive migrations.