The release is timely, industry observers say. According to a recent Enterprise Storage Group Inc. report, the majority of the more than 10,000 laws and regulations governing industries in the U.S. have to do with data storage. Many of those laws have to do with how and how long a company has to store its emails.
Meanwhile, a recent report from The Radicati Group Inc. anticipates that email archiving vendors will see their revenues skyrocket from $126 million at the end of this year to over $1 billion by 2007.
"Theres a tremendous, huge, huge market need for this," says Sara Radicati, president and CEO of The Radicati Group. "And the need is driven mainly by compliance requirements."
ESG analyst Peter Gerr agrees. "Companies like Persist... have found not only a need, but also the proper time to bring the product to market," he says.
Of course, Persist isnt the only company to have recognized this market opportunity. Email archiving and restoring is a crowded space, including players like AttachStor Inc., CommVault Systems Inc., Computer Associates International Inc. (CA) (NYSE: CA), Educom TS Inc., EMC Corp. (NYSE: EMC), KVS Inc., Legato Systems Inc. (Nasdaq: LGTO), and Veritas Software Corp. (Nasdaq: VRTS) (see Legato Mines Iron Mountain and EMC Banks on Archives).
To realize the benefits of cloud-native software, an application must actually be cloud-native—designed to run in the cloud, interacting with disaggregated cloud services, fully manageable as code—to deliver the expected benefits.
By combining resources and expertise, the AI-Enabled ICT Workforce Consortium will offer a blueprint for how industries can adapt to an AI-dominated future.
IT leaders should heed the guidance of cybersecurity insurance providers who think businesses should prioritize security education, incident preparedness, regular internal audits, and ongoing vulnerability scanning and patching.
