Corporate governance fuels boom for enterprise software vendors

Business Week reports on the success of enterprise software vendors and their ‘corporate governance programs’ to fix internal accounting problems, which have become hot sellers in a booming new market:

[…] It’s a growth business in a mature industry: Market researcher Gartner expects spending on corporate-governance software to hit $6.9 billion in ’06, more than double last year’s tally. Gartner says much of the spending so far on Sarbanes-Oxley compliance has gone to consulting firms doing quick fixes, but it expects companies to eventually use software to manage their oversight processes. Even then, instead of a single software package for handling compliance, there will be a patch-work of individual products.

Business Week | Profiting from Their Own Mistakes

Related NevOn posts: