Word: techs
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...Industry analysts say decisions by several big-name tech companies to plunk down billions of dollars on deals in recent weeks is a sign that senior executives believe the economy has bottomed and that buying now is better than buying later. "It's clearly a sign of renewed optimism" in the market and sector, says Peter Bell, general partner at Highland Capital Partners, a venture-capital firm in Boston...
...Make no mistake, this is not a replay of the late 1990s, when frenzied private-equity players and venture capitalists tripped over each other in a mad dash to snap up the next best tech company - and paid outrageous prices for starry-eyed growth forecasts. Today's deals involve strategic buyers, who are seeking out companies with solid track records and real customers. "People are focused on buying proven businesses and technologies as opposed to ideas and dreams," says Moriarty. (See 10 ways Twitter will change American business...
...result, tech companies are eager to expand into new product lines and markets to generate growth. One such area is information-technology services. Basically, IT-services companies offer everything from integrating computer systems to IT consulting to overseeing back-office processes that handle accounting and health-care plans...
...bringing an IT-services firm in-house a tech company also answers customer demand for one-stop shopping - tech companies that will not only sell products but can also streamline the customers' business processes and manage their tech systems. "A lot of organizations want to go to one vendor to get everything, so if something breaks there's one [firm to call]," says Troy Jensen, a managing director at Piper Jaffray...
...Other names being mentioned as possible takeover candidates in the tech services sector include Computer Sciences Corp., Informatica Corp., Cognizant Technology Solutions Corp., Concur Technologies Inc., Teradata Corp., CGI Group Inc. in Montreal, Unisys Corp. and a few firms in Mumbai such as WNS Holdings Ltd. and Patni Computer Systems Ltd. Many of the firms have seen their stocks hit 52-week highs in the past month on takeover speculation...