(E-Business) Compliance business a growth industry – Galesburg Register-Mail

A rapidly growing portion of the business of Champion Technology Group deals with compliance issues, new laws being passed to make sure banks and other financial institutions are properly accounting for their money. As companies like Fannie Mae and Freddie Mac began to melt down, bringing with it a recession that at times looked like it would become something much worse, Brad Price, who along with his brother, John, owns Champion Technology Group, said that compliance issues have become more important. As a result, while Champion has felt some impact from the recession, as some companies delay projects that Brad Price said he’s sure will still be done eventually, the compliance business has picked up. The software and hardware compliance the company sells, installs and then acts as a consultant for, is also geared toward future growth, said marketing representative, Tim Bridge. John Price said many of the regulations that have been imposed upon the large companies will eventually trickle down to the smaller companies, meaning the compliance business will continue to be a growth industry. read more

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