Thursday, December 3, 2009

Companies Expected To Increase Spending In Computer Security

Security vendors could benefit as companies loosen tech budgets tightened in the recession.

More than 70% of companies plan to boost tech spending next year, with security a top priority, says a survey released Monday by Pacific Crest Securities. The 80 companies polled said their biggest increases will be for servers and security software.

"It's a function of the threat landscape as well as continued (regulatory) compliance," said Pacific Crest analyst Rob Owens. "I think this is different from past (economic) cycles where there was spending on security in the downturn but it took a back seat in the recovery." Investors

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