Mike 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.
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In a slow economy implementing CRM can be a risk reduction and cost cutting measure that many organizations will consider, this fact coupled with the cost-effectiveness of SugarCRM subscriptions and implementations make it a a very low risk approach to CRM. We will see many companies that have not previously considered open source in the past, inclined to consider it now. Commercial open source CRM software has evolved over the last several years and is now ready for the enterprise. This coupled with the current economic conditions can be the impetus that propels open source in general and open source CRM into the forefront. Like Linux before it, commercial open source is primed for the enterprise and explosive growth. At the end of this current economic downturn, we may look back and say this was a defining event for open source.