After the events of 9/11, the US and other governments have significantly increased spending for IT security. Organizations are also seeing an increasing need for IT security as technology attacks continue to grow. The stringent government rules and regulations have many companies scrambling to comply. Through its companies Intelligentias provides a number of Data retention, tracking and management software.
The Company continues to see their markets grow rapidly. One of their target markets, the SCC market for products aimed at security compliance, is expected to grow to $7.4 billion in 2010. Global Data storage markets are increasing as well up almost 11% from one year ago and experts expect this growth trend to continue as companies continue to focus on data retention products and continuity in addition to consolidation and migration issues. The company is also exploring additional emerging markets with exponential growth potential.
A number of Data retention laws within the US and the EU are driving the demand for the company’s products and services. In the US a law called “The communication assistance for law enforcement act”, requires phone companies to provide access to conversations and record all call details. EU members are pushing to enact a law that would require all ISP’s, and phone companies to store all data records for a period of six months to a year. Both of these laws will have a huge impact on the demand for Data retention services because compliance is mandatory.
Intelligentias is well poised to succeed in the rapidly growing data retention market. They have support from EU and US’s commitment to additional initiates. The company also has strong relationships with strategic partners and a large customer base. Furthermore they have a cost effective product that is ready for market.
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