Monday, February 05, 2007

SaaS helping to grow IT Spending

Minneapolis / St. Paul Business Journal reports on SaaS and IT spending increasing:

Companies have been investing more in upgrading their IT services and demand for software-as-a-service is growing at a quick clip. All of those factors helped put about a dozen tech companies on the list of the Minneapolis/St. Paul Business Journal's list of the 50 fastest-growing private companies in 2006. ... This year, the tech industry likely will continue to make progress, but it shouldn't expect a major growth spurt. "We're not going to see that hockey-stick kind of growth. We'll see reasonable growth, with peaks and valleys," said Kate Rubin, president of the Minnesota High Tech Association, a tech industry nonprofit.

It is a good time to be selling Managed Services, outsourced IT services, and maintenance bundles, since technology is invading the workplace from the consumer/employee side - and businesses can't keep up. (And finding competent IT staff at affordable rates is difficult).

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