Economic conditions and Zerowait’s business growth

Zerowait’s service and support business has been growing at a brisk pace since the beginning of the year and we attribute that to the hesitance of corporations to invest in capital budget equipment like storage arrays. It seems that our customers are looking for storage solutions that don’t require capital budget justifications, reports and signatures.

Zerowait’s NetApp support solutions typically fall into our customers operational budgets, and our SimplStor enterprise Storage starts at $20,000 for 68TB which falls within most of our customers OPEX budgets.

Today there was is an article on the CNBC site that discusses the stodgy growth of the US economy and lowered growth estimates.

* U.S. economic growth slowed more than expected in the first quarter as higher food and gasoline prices dampened consumer spending, and sent a broad measure of inflation rising at its fastest pace in 2-1/2 years.

* The Federal Reserve on Wednesday acknowledged the slowdown in first-quarter growth, describing the recovery as proceeding at a “moderate pace”—a slight step back from a statement in March when it said the economy was on a “firmer footing.”

* It trimmed its growth estimate for 2011 to between 3.1 and 3.3 percent from a 3.4 to 3.9 percent January projection.

These may be some reasons why many companies are looking to extend the lifespan of their current NetApp storage, or considering switching to our SimplStor arrays.

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