Finacial crisis and open source.
Wednesday, September 24th, 2008Mike Vetter, CEO of DataSync, has written an interesting article on how the economic crisis could have a very positive impact on the open source market. Mike follows the finance world closely, and has been watching the mortgage crisis unfold in the past weeks and months.
From the article “Bear Sterns. AIG. Lehman Brothers. Even Goldman Sachs. The list goes on. Large companies are failing or having liquidity problems in droves. The mortgage crisis is impacting every corner of the global business climate. It’s an interesting note that Oracle is boasting record profits despite the tough economic situation. This will not last. Organizations will not put up with being ripped until they can move to something else. Oracle is nearing the end of it’s stranglehold on software. Why? Open source.”
If Mike is correct, companies like Zimbra, SugarCRM, and DataSync stand to help organizations decrease costs and increase flexibility by leveraging open source and SaaS.