Feeds

Tech recession to bottom-out in a year – Marimba CEO

Glass half-full

  • alert
  • submit to reddit

Providing a secure and efficient Helpdesk

The US tech panic should last no more than a year, Marimba's CEO John Olsen told us today - he reckons the underlying financial performance of the technology sector is generally healthy.

Once earnings begin to be compared to the current lows, rather than last year's highs, "it will bottom out, and the longest it can take is a year," he predicts.

Marimba has 400 enterprise customers, so it hasn't as badly burned by the dot.com implosion as many others, and has some inkling of what IT's big spenders are planning (although Olsen admits he has no idea what demand will look like in the second half of the year.)

Marimba should be a little more recession-proof than most - orientating itself around selling systems management software. Having shaken off the Push tag once and for all, the company is looking to phase out its Castanet brand altogether, and expand outside the United States, which accounts for 95 per cent of its sales now. It's also launching a service monitoring suite. ®

Related Stories

How MS destabilized Marimba and Netscape

Beginner's guide to SSL certificates

More from The Register

next story
ONE MILLION people already running Windows 10
A third of them are doing it in VMs, but early feedback focuses on frippery
Netscape Navigator - the browser that started it all - turns 20
It was 20 years ago today, Marc Andreeesen taught the band to play
Sway: Microsoft's new Office app doesn't have an Undo function
Content aggregation, meet the workplace ... oh
Sign off my IT project or I’ll PHONE your MUM
Honestly, it’s a piece of piss
Do Moan! MONSTER 6-day EMAIL OUTAGE hits Domain Monster
Customers freaked out by frightful service
Return of the Jedi – Apache reclaims web server crown
.london, .hamburg and .公司 - that's .com in Chinese - storm the web server charts
NetWare sales revive in China thanks to that man Snowden
If it ain't Microsoft, it's in fashion behind the Great Firewall
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.