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Demands for cloud, security to speed up tech take over
By siliconindia
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Tuesday, 04 January 2011, 19:49 IST
Bangalore: As the demand for cloud computing and security increases, technology companies that fueled more than $100 billion in acquisitions last year are likely to spend more in 2011. Intel, Hewlett-Packard and International Business Machines led purchases of more than 2,700 companies and still spent only a fraction of the cash piles they accumulated during the recession.
Research firm Gartner predicts that in 201, buyers aim to capture the $3.4 trillion in information- technology spending, a 3.5 percent increase from 2010. Cisco Systems and Oracle are among IT providers driving the convergence of services, software and hardware as they compete to become the most relevant to chief technology officers.
More companies are moving to cloud computing, allowing them to access information over the Internet from external data centers. Intel worked on 62 technology acquisitions valued at a total of $16 billion in 2010, including the McAfee takeover, the biggest deal in the industry last year. All these attempts reflect a speed up on the process of take over.
