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.
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