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Logica nieuws draadje

689 Posts
Pagina: «« 1 ... 16 17 18 19 20 ... 35 »» | Laatste | Omlaag ↓
  1. [verwijderd] 20 oktober 2008 19:59
    ODA appoints Logica to track Olympic park vehicles
    20 October 2008

    The Olympic Delivery Authority has awarded a contract for monitoring and tracking logistical vehicles travelling to and within the Olympic Park to Logica.

    The Delivery Management System Vehicle Tracking Module will be crucial in improving security for construction deliveries and reducing congestion in and around Stratford, Hackney and Leyton by tracking and regulating vehicles travelling to and within the Olympic Park.

    The new system will also collate information, and allow the ODA to forecast future demand.

    ODA Director of Construction Howard Shiplee said: "This new contract with Logica will provide us with the ability to manage road deliveries using intelligent transport systems, and collate that information to forecast demand.

    "This means that lorries should not be blocking the way for other road users because we are reducing the likelihood of waiting to get into the Olympic Park, and a smooth journey will mean less exhaust fumes."

    The DMS VTM will be operational by the end of 2008 and the contract will last till June 2011.

  2. [verwijderd] 20 oktober 2008 20:12
    Logica advies omhoog naar neutral van sell - GS
    20 oktober 2008, 15:53 uur | FD.nl/DJ

    AMSTERDAM (FD.nl/DJ)--Het advies voor het aandeel Logica nv is door Goldman Sachs verhoogd naar neutral van sell, door de recente onderwaardering van het aandeel. Het koersdoel is onveranderd 85 pence. Goldman Sachs blijft bezorgd dat het herstructureringsplan van Logica te zwaar leunt op het succes van de markt, maar stelt ook dat het aandeel de potentie heeft om de komende zes maanden met 17% te groeien. Omstreeks 15.50 uur noteert het aandeel 6,52% hoger op euro 0,98, terwijl de Midkap met 3,1% stijgt. (EHI)

    FD.nl/DJ:+31-20-5928456; webredactie@fd.nl
  6. [verwijderd] 27 oktober 2008 18:55
    LONDON, October 27 (newratings.com)

    Analyst George O'Connor of Panmure Gordon upgrades Logica Plc (ticker: LOG-GBX) from "sell" to "hold." The target price has been reduced from 79p to 74p.
    In a research note published this morning, the analyst mentions that the company's share price has fallen in the recent past. There are concerns related to debt and operations of Logica (LSE: LOG.L - news) , the analyst says. The deteriorating demand conditions exert pressure on staff utilization and adversely impact margins and EBITDA, Panmure Gordon adds.
  7. welshterrier 5 31 oktober 2008 10:59
    :40:00


    Logica (NL)
    0,88 ( 10:57 ) -0,0200 / -2,22%



    AMSTERDAM (Dow Jones)--Logica plc gaat de komende vijf jaar de salarisadministratie en Human Resource (HR)-diensten voor luchtvaartmaatschappij Martinair verzorgen. Dat heeft de ICT- en zakelijk dienstverlener vrijdag bekendgemaakt.

    In het kader van dit uitbestedingscontract komt een aantal HR- en salaris-administrateurs van de luchtvaartmaatschappij in dienst van Logica. De waarde van het uitbestedingscontract bedraagt EUR2,7 miljoen.

    De salaris- en de HR-administratie gaan in fases over naar Logica. Met ingang van 1 november 2008 verwerkt Logica de salarissen van piloten, stewardessen, grondpersoneel, staf en management. Vanaf 1 april 2009 komen daar andere administratieve HR-diensten bij.

    Naast de overname van de HR-administratie en service desk, zal Logica een self service systeem gaan implementeren voor de medewerkers en managers van Martinair.

    - Door Martijn Mom; Dow Jones Nieuwsdienst; +31-20-5715 201; martijn.mom@dowjones.com

  9. [verwijderd] 31 oktober 2008 11:16
    van de logica website geen idee of het al bekend was/is. Zag het er hier nog niet tussen staan.

    Vijf ondernemingen starten eerste consortium mobiliteit
    31 oktober 2008
    Vijf grote ondernemingen in Nederland hebben een consortium gevormd dat de mobiliteit gaat bevorderen. Technologieconcern Siemens, telecommunicatie-, internet- en ICT-bedrijf KPN, ICT-dienstverlener Logica, Rabobank Nederland en bouwconcern Heijmans gaan samen oplossingen en diensten aanbieden die moeten leiden tot een efficiënter en effectiever reisgedrag van de regelmatige spitsrijder. Dit is het eerste consortium in Nederland waarin grote bedrijven hun denk- en daadkracht bundelen in het aanpakken van de fileproblemen in ons land.

    Link naar hele artikel: www.logica.nl/vijf+ondernemingen+star...
  10. [verwijderd] 12 november 2008 18:50
    Logica led consortium downselected by Defence Cryptosecurity 11 November 2008

    Authority for CIPHER programme

    Logica, one of Europe’s leading IT and business services companies, as the lead in an industry consortium, has today announced that it is one of two bidders selected by the Defence Cryptosecurity Authority (DCA) for the Assessment Phase of the CIPHER programme. The purpose of CIPHER as specified in the Single Statement of User Need is to “provide the capability for a security management infrastructure for all grades of devices necessary to meet the needs of UK Ministry of Defence (MoD) and wider government.” It covers the provision of all high grade cryptographic devices for UK MoD to meet the communications confidentiality, availability, interoperability and data integrity needs of the UK MoD for Defence Business and Operations, and will enable the provision of a pan-Government security management infrastructure.

    Logica is leading a consortium comprising QinetiQ, Serco and Ultra Electronics, all of whom bring extensive experience of security within the Defence, Public Sector and Commercial markets.

    During the initial 26 month phase, the Logica consortium will carry out a comprehensive assessment of the technologies, processes and methodologies to establish how best to deliver the CIPHER programme in the future, while maintaining a vibrant UK market for the manufacture and supply of cryptographic equipment. It will also have the opportunity to bid for the subsequent delivery phase of CIPHER.

    Sean Mallon, the CIPHER Programme Manager for the DCA, said: “CIPHER is an ambitious programme that seeks to exploit the skills and experience of the UK sovereign industrial base to deliver Information Assurance Components and their management over the next decade and beyond. I am looking forward to a compelling competition over the next two years that will yield the best solution for defence and wider HMG as a whole.”

    Ed Jones, Managing Director of Logica’s Space and Defence business, added: “The CIPHER programme will transform the way in which the DCA provides its core capability and is an innovative and exciting programme which will create a world-leading service. Logica has worked for the MOD for over 40 years and security is a key capability for the company. We have one of the largest security practices in Europe and are trusted to deliver the security aspects of many large scale programmes in Defence and other markets in the UK and across Europe. We have the breadth of capability to deliver success in every area of the programme, from the Assessment Phase through to Service Delivery and with our partners in QinetiQ, Serco and Ultra Electronics, we have created a powerful consortium to deliver this important phase of CIPHER.”

  13. [verwijderd] 13 november 2008 16:25
    Martinair outsources HR services to Logica
    13 November 2008

    Logica, the leading IT and business services company, will be responsible for the delivery of salary and HR services to the Dutch airline Martinair over the next five years. As part of this outsourcing contract six of Martinair’s salary and HR experts will join Logica. The value of this HR Business Process Outsourcing (BPO) contract is €2.7 million.

    The salary and HR administration of the airline will be transferred to Logica in two steps. Starting on 1 November 2008 the salaries of the flying crew members, the ground staff and the management team will be serviced by Logica. From April 2009 onwards Logica will deliver a range of additional HR administration services.

    As part of this outsourcing contract Logica will deliver the HR administration and service desk plus a self service system for the management team and the workforce. This new system enables the Martinair employees to access the HR administration facilities 24x7.

    Henk Drenth, Managing Director HR Services at Logica in the Netherlands, comments: “This contract with Martinair proves that Logica knows and addresses the growing needs in the field of HR outsourcing. Companies focus more and more on their core business and make use of the expertise of specialists such as Logica to deliver other services.”

    Logica is a well respected HR and salary service provider in the Netherlands and across the globe.

    Across Europe, the company is responsible for processing salary payments worth €90 billion every year. Logica helps customers with a unique and tailored service package in the field of IT, HR and process management. This contract once again confirms that leading companies around the globe trust Logica as a reliable HR BPO partner.

  14. Berdientje 13 november 2008 16:25
    Logica downselected consortium geleid door Defensie Cryptosecurity 11 november 2008

    Autoriteit voor Cipher programma

    Logica, een van Europa's toonaangevende IT-bedrijven en zakelijke dienstverlening, zoals de leiding op zich een industrie consortium, heeft vandaag aangekondigd dat het een van de twee bieders geselecteerd door de Defensie Cryptosecurity Authority (DCA) voor de Evaluatie-fase van de Cipher programma. Het doel van Cipher zoals gespecificeerd in de enkele verklaring van de gebruiker nodig is om "het vermogen om op een veiligheidbeheerssystemen infrastructuur voor alle rangen van de inrichtingen die nodig zijn om tegemoet te komen aan de behoeften van het Britse Ministerie van Defensie (MoD) en bredere overheid." Het heeft betrekking op de verstrekken van hooggradige alle cryptografische apparatuur voor Britse Ministerie van Defensie te voldoen aan de communicatie vertrouwelijkheid, de beschikbaarheid, interoperabiliteit en integriteit van gegevens behoeften van het Britse Ministerie van Defensie van Defensie Business and Operations, en zal het mogelijk maken de bepaling van een pan-Government security management infrastructuur.

    Logica leidt een consortium bestaande uit QinetiQ, Serco en Ultra Electronics, die allen een ruime ervaring op het gebied van veiligheid binnen de defensie, openbare sector en commerciële markten.

    Tijdens de eerste 26 maand ingaat, de Logica consortium zal een uitgebreide evaluatie van de technologieën, processen en methoden vast te stellen hoe het beste om de Cipher programma in de toekomst, terwijl er een levendige markt in het Verenigd Koninkrijk voor de vervaardiging en levering van cryptografische apparatuur . Het zal ook de gelegenheid hebben om een bod te doen voor de latere levering fase van Cipher.

    Sean Mallon, de Programma Codeersterkte Manager voor de DCA, zei: "cijfer is een ambitieus programma dat ten doel om te profiteren van de vaardigheden en ervaring van de Britse vorst industriële basis te leveren Information Assurance-onderdelen en het beheer ervan in het komende decennium en daarna. Ik ben benieuwd naar een dwingende concurrentie in de komende twee jaar zal opleveren dat de beste oplossing voor de verdediging en bredere HMG als geheel. "

    Ed Jones, Managing Director van Logica's ruimtevaart-en defensie-business, voegde eraan toe: "De Cipher programma zal transformeren de manier waarop de DCA biedt haar core-capaciteit en is een innovatieve en spannende programma, dat zal leiden tot een wereld-leidende dienst. Logica heeft gewerkt voor de MOD is voor meer dan 40 jaar en veiligheid is een belangrijke mogelijkheid voor het bedrijf. Wij hebben een van de grootste zekerheid praktijken in Europa en worden vertrouwd om de veiligheid van de vele aspecten van grootschalige programma's op defensie-en andere markten in het Verenigd Koninkrijk en in heel Europa. We hebben de breedte van de capaciteit aan te leveren succes op alle gebieden van het programma, uit de evaluatie fase tot en met Service Delivery en met onze partners in QinetiQ, Serco en Ultra Electronics, hebben we een krachtig consortium om deze belangrijke fase van Cipher.
  15. Berdientje 13 november 2008 16:29
    Martinair besteedt HR diensten aan Logica
    13 november 2008

    Logica, de toonaangevende IT-en business services bedrijf, zal verantwoordelijk zijn voor de levering van salaris-en HR-diensten aan de Nederlandse luchtvaartmaatschappij Martinair in de komende vijf jaar. Als onderdeel van deze outsourcing contract zes van Martinair salaris-en HR-deskundigen zullen deelnemen aan Logica. De waarde van deze HR Business Process Outsourcing (BPO) contract is € 2,7 miljoen.

    Het salaris-en HR-administratie van de luchtvaartmaatschappij zal worden overgeheveld naar Logica in twee stappen. Met ingang van 1 november 2008 worden de salarissen van de leden van het vliegend personeel, het grondpersoneel en het management team zal worden onderhouden door Logica. Vanaf april 2009 Logica levert een scala van aanvullende diensten P & O-administratie.

    Als onderdeel van deze outsourcing contract Logica zal de HR-administratie en service desk, vermeerderd met een selfservice systeem voor het management team en de betrokken werknemers. Dit nieuwe systeem maakt de Martinair medewerkers om toegang te krijgen tot de HR-administratie faciliteiten 24x7.

    Henk Drenth, Managing Director HR Services bij Logica in Nederland, geeft commentaar: "Deze overeenkomst met Martinair bewijst dat Logica kent en richt zich op de groeiende behoeften op het gebied van HR outsourcing. Bedrijven focus meer en meer op hun core business en gebruik te maken van de expertise van specialisten zoals Logica te leveren van andere diensten. "

    Logica is een zeer gerespecteerd en het salaris van HR dienstverlener in Nederland en over de hele wereld.

    Overal in Europa is de onderneming verantwoordelijk voor de verwerking van salaris betalingen ter waarde van € 90 miljard per jaar. Logica helpt klanten met een unieke en op maat gesneden service pakket op het gebied van IT, HR en procesmanagement. Dit contract bevestigt nogmaals dat toonaangevende bedrijven over de hele wereld vertrouwen Logica als een betrouwbare HR BPO part
  16. [verwijderd] 16 november 2008 22:38
    vrijdag 14 november 2008
    De Brits-Nederlandse IT-dienstverlener Logica(EUR 0,96 – Kopen) heeft in een trading update laten weten dat het bedrijf een omzetgroei van 7% in het derde kwartaal heeft gerealiseerd. Het orderboek is in constante valuta’s met 13% toegenomen. Logica gaat er nu van uit dat de omzet over heel 2008 met meer dan 4% zal toenemen.

    Volgens het bedrijf is de goede gang van zaken te danken aan de sterke klantgerichtheid. Ondanks een moeilijk economisch klimaat in 2009, verwacht Logica dat de IT-servicesector sneller zal groeien dan de economie en dat het bedrijf het binnen de sector goed zal blijven doen. De winstmarge kan zelfs nog iets verder verbeteren dankzij de in april aangekondigde kostenbesparingen.
  17. [verwijderd] 17 november 2008 19:50
    Life and pensions industry must invest more in security warns Logica

    17 November 2008

    • Only 7 per cent of IT spending dedicated to data security
    • Few measurement and accrediation processes in place
    • Security should be viewed as a business enabler

    The life and pensions industry must commit to greater investment in data security programmes to protect its reputation and increase market share, analysis of an in-depth industry survey by IT and business services company Logica reveals.

    The resulting white paper Information Security in the UK life, savings & investment and pension sector shows that while the industry has recognised the lessons of recent data security breaches, the industry still spends little on data security. It dedicates an average of only seven per cent of its IT budget to the issue – compared to the banking industry’s 20 per cent spend.

    The survey represents the views of a third of the major players in the UK life, savings & investment and pensions sector, including Friends Provident, Standard Life and Liverpool Victoria.

    The majority of those interviewed do not view security as a board issue, with no formal measurement procedures or formal governance structures in place. Of those surveyed, no organisation has a set of formal accreditation, such as ISO 27001 or similar.

    Andrew Lloyd, Director of Strategic Solutions in the Financial Services division at Logica in the UK, says: “While the survey shows that the industry is taking the issue of data security seriously, this is not being translated into concrete actions. Security is a boardroom issue and customers are increasingly demanding greater levels of accountability. Investment in data security must increase very substantially in order to mitigate against the loss of market share and loss of reputation.

    “Given the global financial crisis, the issue of information security is increasingly urgent. The industry must instill a sense of consumer trust in a time of uncertainty, as many customers fear their savings and pensions are unsafe. The credit crunch might also lead to an increase in on-line fraud, making the case for increased investment and accountability for security even more important.”

    The research shows a positive correlation between increased data security spending and return on investment (ROI), encouraging the industry to view security as business enabler rather than a necessary drain on resources. If the life and pensions sector did actively seek more budget to spend on security, it would be more likely to assess ROI associated with its expenditure on security formally. Currently, most of the participants interviewed said they have no mechanism in place for judging a security ROI.

    According to the survey the priority security areas to be addressed include identity theft, third parties and physical security. When it comes to security concerns, the security of home PCs, laptops and PDAs, keeping security simple and call centre confidence tricks are mentioned frequently by respondents. Those surveyed widely agreed on the need for two-factor authentication (2FA), with some companies seriously considering upgrading their authentication facilities, with others pushing for first-time installation of 2FA technology.

    Andrew Lloyd adds: “By implementing simple and cost-effective techniques, security risks can not only be dramatically reduced but, equally important, market share and revenues can increase. For example, digital signatures are now widely used in the banking industry, eliminating the need for physical signatures, while at the same time speeding up the sales process. Companies should also be cleaning their databases frequently, ensuring that former staff and third parties are no longer live on the system.

    “Implementing security solutions can certainly give a company a competitive advantage by helping to avoid barriers to access, reducing costs, enhancing its reputation – and preventing data leaks.”

  18. [verwijderd] 20 november 2008 09:13
    British presence in Philippine market

    SURVEYING the scene in the drawing room of his elegant Forbes Park residence, British Ambassador Peter Beckingham was proud to pick out the presence of three chief executives from three British corporate entities—namely banking giant HSBC, IT market topnotcher Logica and leading engineering firm Atkins—and pointing out their companies as good examples of British input towards creating jobs in the Philippines.

    The occasion itself celebrated the British founded Chartered Institute of Management Accountants (CIMA) making its presence felt in the Philippines in response to the increasing demand for international finance professionals throughout the region.

    As part of its activities planned in the Philippines, the Management Accountants Institute cocktail reception held at the ambassadorial residence marked the unveiling of CIMA’s international brand logo by Ambassador Beckingham.

    Another highlight was the signing of the memorandum of understanding between Management Accountants Institute and the Philippine Institute of Certified Public Accountants (Picpa). The memorandum marks a milestone for both Management Accountants Institute and Picpa in the desire to promote management accountancy to Picpa members and the public.

    With the signing of the memorandum, Management Accountants Institute and Picpa have agreed to collaborate on various areas that would contribute to further the science of management accountancy in the Philippines, particularly CIMA Learning Partner accreditation that serves as a quality assurance for institutions teaching CIMA.

    Being a Management Accountants Institute Learning Partner enables Picpa to offer the Management Accountants Institute Professional Qualification as a program for Picpa members or other interested individuals. As valued partners, Management Accountants Institute and Picpa will endeavor to share and exchange resources to achieve the objectives and missions that are mutually beneficial to both parties.

    As a leading global professional institute, Management Accountants Institute offers an internationally recognized qualification in management accountancy. With 23 percent membership growth over the last five years, Management Accountants Institute has professional qualifications that are highly relevant to today’s ever changing business world.

    The Management Accountants Institute qualifications equip its members to work anywhere in the world. It is the only international professional qualification with a syllabus that has a sole focus on the education and training of accountants in business.

    Globally, 52 percent of CIMA members are employed by organizations with an annual turnover of £50 million or more and 98 percent of members work in business.

    Rick Sturge, Management Accountants Institute ‘s Director of Employer and Strategic Development commented: “CIMA is excited to be making its presence in the Philippines in response to the needs of not only the employers, members and students locally but also to the wide ranging reforms in the tertiary education to be undertaken by the Philippine Commission of Higher Education (CHED) by 2009 to 2010.

    “CIMA lauds CHED in its determination to upgrade the Philippines’ tertiary education to be on par with not only its neighboring countries but also with the rest of the world.”

    Among various educational developments being proposed is reserving some courses at tertiary level for those with a master’s degree. The UK government agency awards CIMA qualification as equivalent to a master’s degree.

    Noted Sturge: “This undertaking in the Philippines, which took two years to reach, marks a milestone that creates strategically a very important market for CIMA. It is opportune that CIMA and Picpa signed the MoU in conjunction with the CHED’s announcement that it will be supporting centers of excellence, and that incentives will be provided to accredited programs.”

    He added: “Being a qualification with uniform requirements wherever it is taken, CIMA acts as a gold standard, and this gives employers a quality guarantee when recruiting finance professionals throughout the world.”

    Two other British—though with Dutch collaboration in both cases—companies, Unilever (whose founder Lord Lever was interestingly also a founding member of CIMA) and Shell also used the occasion to sign on to the Management Accountants Institute standard for its local accounting staff.

  19. [verwijderd] 24 november 2008 18:03
    Logica is now ISO certified for Information Security ISO 27001

    Logica Philippines, an IT and business services company, recently joined the ranks of other companies to receive an ISO certification from TUV Rheinland Philippines.

    The Information Security Management System (ISO 27001:2005) was fully implemented company-wide over a short period of only 6 months.

    Beginning with a Risk Assessment of Logica’s operations to ensure that all organizational assets were identified, security measures were put in place to identify any threats and vulnerabilities within Logica’s system. Security Measures were then implemented to eliminate such risks, resulting in a full-proof, fail-safe operation.

    "This is the first step in our quality journey and a very significant milestone. We are pleased to have achieved ISO certification in such a short span of time. Securing that certification will mean that Logica will be able to better serve the needs of our local and international clientele," said Neil Elias, country director of Logica Philippines.

    Logica Philippines began operations back in March of 2007 with a small number of staff supporting the human resource management (HRM) requirements for Logica in the United Kingdom.

    Since then, the company has tripled its workforce. From its initial offering of HRM services, the company has diversified and increased its capabilities in Application Management (AM) and Business Process Outsourcing (BPO).

    In the field of Systems Integration/Application Management the company’s particular areas of expertise include SAP Services, Enterprise Content Management, and Web Based Technologies. Whereas its expertise in Business Process Outsourcing include Data Transformation, Financial Back Office, and Human Resource Management. Logica Philippines serves clients in the United Kingdom, United States of America and the Netherlands. Its rapid growth and diverse services have gained recognition in the Philippines where the company won the "Best New BPO Locator of the Year" award in the 2008 Philippines ICT award event.



  20. [verwijderd] 24 november 2008 18:12
    IT execs say learned the lessons of dot.com crash

    BARCELONA, Nov 21 (Reuters) - Technology executives told a conference this week they learned lessons in the dot.com crash that wiped $5 trillion off tech stocks at the start of the century that would help them through current difficulties. Queuing up to make investment cases for their companies, executives said the experience had left them in better shape to survive a coming recession than other sectors that had not suffered in a similar way.

    "We had a telecoms crisis in 2001, and I think a couple of learnings that we had at Ericsson are important and valid to keep in mind," Chief Financial Officer Hans Vestberg told Morgan Stanley's Technology, Media and Telecoms
    conference. "Focus on cost, regardless of what's happening ... That we learned from 2001, and we keep that in our minds," he said. "You saw that in the last 12 months we have been very focused on cash generation ... That, we will continue."

    The themes of generating cash, cutting costs, diversifying customer bases and increasing the proportion of recurring revenues were echoed by companies in businesses ranging from software to telecoms to IT services.

    Leo Apotheker, co-chief executive of business software giant SAP pointed to the company's 40 percent of sales that come from steady sources such asmaintenance and services today -- double the proportion it had in 1998.SAP finally showed the scars of global economic pressure in the third
    quarter, warning last week that sales had fallen off dramatically in the last two weeks of September.UK-based Autonomy, whose software helps companies comply with financial regulations, also raised its recurring revenues to 50 percent of sales from 25 percent in 2002.

    But by the time Ericsson's presentation came on day two, some investors had heard enough of the same old story."Most companies looking to the next 12-18 months are going to be focused on costs, and they're going to be focused on cash," said one.
    "So are there any specific other examples you would give about your lessons from last time that would make you much better positioned?"

    Autonomy, whose meaning-based search software helps companies mine documents sometimes stored in multiple formats and thousands of different
    depositories, said it was positively profiting from the global economic crisis."Financial services turmoil is very good for us. Financial services customers are having to buy a lot of software to become compliant,"

    Chief Executive Mike Lynch said. "We're not seeing the kind of effects that SAP reported in the quarter." Among telecoms companies, both smaller players like Sweden's Tele2 and giants like Telefonica said they would emerge winners.
    "When you're thinking of reducing your phone bill, we're supposed to be the first place to come to. We're lowest priced," said Tele2 Chief Executive
    Harri Koponen. Telefonica Chief Financial Officer Santiago Fernandez Valbuena argued incumbents and market leaders would turn out to be winners in times of trouble by being more flexible on costs and capital spending.

    INFORMATION AGE RECESSION

    Andy Green, CEO of British IT services company Logica , also argued that size mattered, but precisely because this recession would be nothing like that of 2002."Fundamentally there was something very different about the 2002/03 recession to all the others, and that was that it was a tech-led recession," he said. "We were all sitting in our boardrooms and thinking: 'Bloody hell, this dot.com, ecommerce stuff, which we all understood nothing about ... and thinking, 'Can we afford not to?', and we were spending money." "And there were certainly enough people in every boardroom who thought it was a bunch of tosh. As soon as things blew up, people went for the hatchet and really cut back very hard." Today, customers of IT firms know better what they want."Being a small niche player with great ideas was a super business in 2002. In today's market ... larger players like ourselves are definitely favoured," he argued, adding that scale for global procurement and recruitment was also crucial.

    Today's faster communications might, however, spell a swifter end when the end comes, he said, as the world acts in a more coordinated way. "This is the first global recession of the information age," Green said. "That means you're probably going to go steeply in and hopefully steeply out."


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