Accounting firms and compliance consultancies aren't the only businesses booming post-Sarbanes-Oxley. SignOnSanDiego.com reports Shred-It San Diego (and other document shredding service providers) are doing well now that public companies are taking legislation like Sarbox and the Fair and Accurate Credit Transaction Act (FACTA) seriously. Shred-It San Diego's revenue has tripled in the last seven years, the story says.
General manager Tom Caso notes:
More and more are becoming familiar with (the Fair and Accurate Credit Transaction Act) and Sarbanes-Oxley and other things out there. It's amazing to see the number of retail clients coming to us .... They take (Sarbanes-Oxley) very seriously because there's some very hefty fines if you ever are not handling confidential information in the appropriate way. People in the shredding business have been the benefactor.
And when you factor in the growing trend toward going green, business gets even better, it seems. The company has recently partnered with E-World Recyclers, which recycles electronics equipment and other non-paper recyclables. Customers of both businesses get certificates that "confirm destruction and recycling of materials," according to SignOnSanDiego.com.
Shred-It San Diego boasts 40 employees and the largest revenue of the Canadian-based company's franchise network. The "shred on site" service is available 24 hours a day, seven days a week.