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IWall St. JournalI Disaster recovery business is booming
NEW YORK (6/18/10)--Demand for disaster recovery services and products is booming, according to Agility Recovery Solutions Inc., a CUNA Strategic Services alliance provider featured in an article in The Wall Street Journal (June 17). The article, "Disasters' Silver Lining: Green," noted that the number of disaster preparedness and recovery businesses--most of them small--have increased 20% to 30% over the past five years. The businesses are cropping up because more businesses (including credit unions), government agencies and individuals are hoping to protect themselves from potential catastrophes, particularly after the Sept. 11, 2001 terrorist attacks, Hurricane Katrina in 2005, and the recent oil spill in the Gulf of Mexico. Agility Recovery Solutions, a Charlotte, N.C.-based provider of mobile offices and emergency backup computer support, was one of the businesses interviewed. President Bob Boyd told the Journal that his company is fielding more inquiries than usual, with the hurricane season now. This year is expected to exceed the average year of 11 named storms, six hurricanes and two major hurricanes along the Atlantic, according to the National Oceanic and Atmospheric Administration. "Any time there's a big disaster, we have more customers calling us, and when we call prospects, they're more receptive to hearing about potential solutions," Boyd told the publication. Agility, with 75 employees, originally served large companies when it launched in 1989, but after adding affordable options for small and medium-sized concerns in 2005, its customer base grew sevenfold. Today it serves 7,000 clients, including credit unions. Historically, Boyd said, there was never a service like this for small businesses. Agility Recovery Solutions has been an alliance provider with CUNA Strategic Services since March 2006.
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