Is IT recession-proof?

According to this article in CIO Magazine, it is. Average IT spending growth is down and pressure to rein in costs is rising, but money is still available to fund IT projects and critical technologies.

There are five areas of high growth that fit this bill of recession-proof IT: Virtualization (servers and storage), Customer self-service applications, Open Source applications and systems, Collaboration software, and storage equipment.

m-Power fits three of those five areas: Customer self-service applications, open-source applications and collaboration software.