Tech Deal Volume Down, M&A Activity Improving; IT Jobs Increasing
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Tech Trends – PwC’s U.S. Technology M&A Insights, and TechServe Alliance’s monthly IT Jobs Tally
Year-over-year technology company deal volume has fallen, shrinking to 2009 levels. However M&A activity being pushed by private equity buyers taking a more active role in the second half of the year, according to the second quarter PwC report. IT Jobs have increased across sectors for the 24th month in a row.
Deal Volume Down, M&A Activity Improving
PwC is bullish on the last half of 2013 and 2014: “New announcements provide positive momentum, and as the US economy continues to improve, growth in emerging economies stabilizes, and difficulties in Europe and Japan are addressed, the improved clarity will create a fertile environment for technology volume to grow.” (more…)
Tech Trends – The Software Industry
PwC’s Technology Institute’s report the Global 100 Software Leaders investigates the trends that are shaping the software industry.
SaaS (software-as-a-service), mobile device proliferation, consumerization of IT are trends that are forcing software companies to re-think everything about product development, pricing, marketing, and delivery. Competition for the talent in this evolving market place has reached the proportions of a “talent war”.
“As we all know, cloud computing enables a new business model—the selling of software as a service, either by subscription or as a true pay-as-you-go usage model. Add the explosion of mobile devices, the ubiquity of wireless networks and the consumerisation of IT, and you get further innovation—and confusion—in business models.” (PwC Global 100 software leaders) (more…)
Priority Technology Jobs from Redfish Technology
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This week our top technology recruiting priorities for: Lead Development Representative – SaaS; Marketing Manager – Disruptive Financial Software; C++ Developer – Enterprise Video; East Coast Area Manager – Cloud; Infrastructure Solutions Architect – Converged IP Solutions; Account Executive – Digital Curriculum, SaaS; and much … (more…)
Employment at an All-Time High
“IT employment has surpassed its previous all-time high—an encouraging sign not only for the IT services industry, but the economy at-large,” stated Mark Roberts, CEO of TechServe Alliance. “Given strong demand for IT talent, high wages these professionals command and the benefits of IT to the broader economy, policymakers should do all they can to create an environment which encourages such work to be performed in the United States,” added Roberts.
TechServe Alliance reports that IT jobs reached the high at 4,107,700 adding 13,300 jobs in January, a monthly record that surpasses the previous all-time high set in September 2008 when IT employment reached 4,088,600. According to revised BLS numbers, IT employment grew by 3.4% in 2011 (compared to 1.5% in 2010). (more…)
Priority IT Jobs from Redfish Technology