SOURCE: IO Circuit

December 02, 2011 07:30 ET

Disaster Data Recovery Market to Reach $39 Billion by 2015

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO CIRCUIT.

NEW YORK, NY--(Marketwire - Dec 2, 2011) - Business Continuity Solutions, Inc. (PINKSHEETS: BUCS) announced yesterday that they have signed their largest contract to date. The Company has secured a 3 year provision to provide Backup Data Recovery and managed services to both locations for Venture Group Enterprises.

ABI Research forecasts that the global market for business continuity and disaster data recovery solutions will grow to nearly $40 billion by 2015. Business Continuity Solutions provides cloud infrastructure, data center, and backup and disaster recovery (BDR). Business Continuity Solutions offers services similar to larger companies like Citrix (NASDAQ: CTXS), EMC Corp (NYSE: EMC) and Rackspace Hosting (NYSE: RAX).

Larry Fisher, ABI Research director notes, " continuity and disaster recovery technologies are becoming less expensive and easier to use, in part because they are being integrated into larger IT systems, and also because they're increasingly taking advantage of aspects of Cloud Computing and virtualization."

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