Indian software industry feels instability
While the US government is trying to push through a $700 billion bailout package, the fallout of the collapse of marquee names in the US financial services sector spells trouble for the export-dependent Indian software sector, says The Business Standard.
Among large American and European companies surveyed by IT consulting firm Forrester Research, 43% have cut their overall spending on technology products and services in 2008.
Analysts say that competition is likely to increase between IT vendors and that the Bank of America is an important client for Infosys, which places the latter in a relatively advantageous position compared to TCS and Satyam, which were IT outsourcing partners for Merrill Lynch.
Itida leads Egypt's biggest delegation
Egypt's Information Technology Industry Development Agency (Itida) is leading the country's largest delegation of 27 Egyptian IT companies to exhibit at Gitex Dubai 2008, the Middle East's largest technology exhibition from October, reports Etisalat.
According to analyst reports, Egypt is the world's fastest rising IT outsourcing hotspot.
The Egyptian outsourcing sector has received strong government support. It's projected that the Egyptian outsourcing sector will generate revenue of more than $1 billion by 2010, four times the 2005 revenue.
Exegy speaks at European summit 2008
Scott Parsons, Exegy chief scientist and chief architect, will speak at the European Financial Information Summit 2008 conference in London on analysis, acceleration and architecture, says Market Watch.
The panel will discuss rebuilding a scalable infrastructure to accommodate growth and consolidation, and outsourcing core but commodity components of data technology architecture.
Exegy provides high performance hardware-accelerated computing appliances that process and enrich market data for financial organisations.
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