Time to Explore, Open Up New Markets ; the Wave of Consolidation, Mergers and Acquisitions Across Corporate America Is Opening Up New Markets for It Companies.

Summary

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The wave of consolidation, mergers and acquisitions across Corporate America is opening up new markets for IT companies.

The global economic slowdown started with the US, spread to Europe, and has now become a full-blown pandemic. It's no longer a crisis restricted to Wall Street; its repercussions now reverberate across Main Street. The effects of this financial services-led slowdown have been exacerbated by faulty regulatory systems across the developed world and the greed of some banking chieftains has not helped. The immediate impact for the Indian IT industry and IT companies is slower decision making, deferred decisions and fewer new projects.

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Extract

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Time to Explore, Open Up New Markets ; the Wave of Consolidation, Mergers and Acquisitions Across Corporate America Is Opening Up New Markets for It Companies.

For the Indian IT industry, the slowdown could pare growth rates by around 3-5 per cent. Annual growth could slide from over 20 per cent ...

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