Bad Times.

Dec 1, 2021

35 Years of MetaSystems - 2008

The so-called global financial crisis, which peaked in 2008, had many causes and many consequences. The bursting of the real estate bubble in the USA, the European debt crisis, as well as the collapse of the Icelandic banking system, generated shocks that were felt all over the world and were referred to as the Great Recession. MetaSystems has been independent of external financial sponsors since its inception and therefore suffered little from the crisis. It is likely that the high level of confidence worldwide in MetaSystems' products also played a part: as early as the following year, sales rose again to their usual level.

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