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Today, 29 February, marks the final day of our Future Steps challenge for the Prince’s Trust.
Throughout February, the TechMarketView team has been attempting to get in at least 10,000 steps a day each – it’s not been easy with our desk-based roles, or the great British weather, but rain or shine we have had to be more active and all for a great cause!
So far, we’ve recorded over 3.7 million steps – which ChatGPT informs me is the same as the distance between New York City and Dallas, Texas - and raised £375 towards our £1,500 target.
Could you help us raise even more? There’s still time to make a donation, however small, to support our Future Steps teams and the wonderful work of the Prince’s Trust, which transforms the futures of young people across the UK with vital youth programmes including training, education and boosting confidence.
Follow the link to visit our Fundraising page: TechMarketView Future Steps.
Thank you to all our sponsors & supporters, every little step gets us closer to our goal!
Posted by Tola Sargeant at '07:00'
Merger and acquisition (M&A) activity in the UK software and IT services (SITS) sector reversed several quarters of decline in Q4, with an uptick in both acquisitions by and sales of UK SITS companies. This is according to data from Silverpeak, the mid-market technology specialists that represent European growth businesses in M&A and financing transactions.
There were 77 acquisitions by and 75 sales of UK SITS companies in Q4 2023, compared to 62 and 68 respectively in Q3. Note that this data includes deals announced, as well as those closed.
Analysis of the data shows that most of the upturn is accounted for in intra-UK deals. And whilst some upturn is expected in Q4 relative to the quieter summer months, acquisitions by UK buyers climbed above sales by UK vendors for the first time since 2020, suggesting a renewed confidence by UK SITS companies after a difficult year in 2023.
Subscribers to the TechMarketView Foundation Service and UKHotViews Premium can read more by downloading the Q4 2023 edition of IndustryViews Corporate Activity.
Posted by Tania Wilson at '09:40' - Tagged: M&A acquisitions
A big Friday shout out to all the 'Future Steppers' across the tech sector attempting to do 10,000 steps a day (or more!) every day in February in aid of The Prince’s Trust!
With a week to go, our TechMarketView teams – TrailMarchVictory, Legs Miserables and Street Striders - have collectively racked up nearly 3 million steps.
We can testify to the fact that there have been some very wet days this month, but the sunrises are getting earlier!
A big thank you to all our sponsors so far for cheering us on. To donate to help us march to our target for this very worthy cause you can visit our fundraising page.
Posted by Tola Sargeant at '08:56'
Leading banking software provider, Temenos, hosted its annual Capital Markets Day in London earlier this week, with the event following the release of the company’s latest full-year results (see: Excellent Temenos results exceed expectations). The financials for the twelve months ended 31 December 2023 comfortably exceeded Temenos’ previous guidance with Annual Recurring Revenue (ARR) up 16% to $730m and total revenue up 5% to $1bn. Software licensing was up 10% at $443m, SaaS was up 25% at $205.1m and subscription revenue was up 52% at $160.4m. Meanwhile, Temenos delivered EBIT of $199.4m (representing growth of 22%) and Free Cash Flow of $243m (up 26%).
During the event, Temenos provided a robust rebuttal of the unsubstantiated claims made by prominent short-seller, Hindenburg Research, during its attack on the company last week. Addressing the audience, Temenos’ Non-Executive Chairman and former Audit Committee Chair, Thibault de Tersant, calmly went through a number of the accusations, firmly dispelling the various assertions. Tersant also revealed that, to reassure Temenos shareholders and the investor community, the board would be appointing two leading professional services firms (one legal and one accounting) to review and report on the claims.
TechMarketView clients can learn more by downloading Temenos delivers strong growth and a robust rebuttal If you are not already a subscriber but would like to learn more or gain access to this UKHotViewsExtra or any other of our insights, please contact Deb Seth for more information.
Posted by Jon C Davies at '07:00' - Tagged: banking Temenos
In this new piece of research by Chief Research Officer, Kate Hanaghan, TechMarketView profiles SMB (small and medium sized businesses) buyers to understand whether their tech investments to accelerate digital progression have also led to improved productivity growth.
SMB Productivity: Driving value through modernisation explains that productivity growth is a challenge for firms of all sizes – and has been for some time. Implementing the right technologies in the right way can help, but SMBs face their own set of very specific challenges. They don’t always have dedicated IT expertise, meaning they can be late to adopt – and benefit from – technological advancements. Additionally, it’s difficult for smaller organisations to engage directly with large technology vendors, and a direct partnership between the two is often just too impractical (given the large number of SMBs in the market, their typically small budgets, and the go-to-market model of the large vendors).
This is where the channel (the ecosystem that enables the supply of products and services from large vendors via distributors and resellers to buyers) becomes an essential piece of the jigsaw. Through Value Added Resellers (VARs) and Managed Service Providers (MSPs), the UK’s SMB community is not only gaining access to new technology (for example cloud-based services and smart workplaces) but it is finding ways to improve productivity levels.
A big thanks to the organisations that took part in this research (National Timber Group, McDermotts, Ascot Services, Franklins Solicitors, and DWA Claims).
The tech providers in this report are all SMBs themselves (Excenta, Croft Communications, inTEC, Digital Origin, KSM Telecom), and when SMBs work with SMBs, the whole local economy benefits. Furthermore, if local firms – such as those in legal and construction – can sufficiently digitise, this in turn improves the range and quality of services they are able to provide, which in turn also benefits the local community.
Read the report: SMB Productivity: Driving value through modernisation.
Contact Deb Seth if you would like to join TechMarketView or find out if your organisation already has access to our research and services.
Posted by HotViews Editor at '09:30' - Tagged: research SMB
Whether you are looking for insight on the state of the UK public sector tech market and the likely impact of a General Election, or trying to understand where the opportunities will be in the financial services sector as it adopts AI, our latest research is essential reading for a damp February morning!
Make sure you haven’t missed our most popular latest research:
From PublicSectorViews Public Sector Predictions 2024 Local & Regional Government Suppliers, Trends & Forecasts Police Suppliers, Trends & Forecasts
From FinancialServicesViews Financial Services Predictions 2024 Financial Markets Suppliers, Trends & Forecasts
From SustainabilityViews Sustainability Predictions 2024 The Legal Landscape for ESG
From TechSectorViews Artificial Intelligence: Market Trends, Use Cases & Suppliers Immersive Customer Experience: Progress, Possibilities & Prognosis
From the Foundation Service TechMarketView Predictions 2024 Market Outlook Update
Logged in subscribers can click the links above to be taken directly to the report. (If you need to reset your password, head here).
As always, if you’d like details of our various subscription packages just drop us an email to info@techmarketview.com.
Posted by TMV Team at '08:43'
Twelve days into February and our Future Steps challenge for The Prince’s Trust and the TechMarketView teams have so far managed over 1.5 million steps.
Of our three teams, it’s TrailMarchVictory – formed from our amazing Client Services team - that is currently leading the way with 533k steps, pretty good going for a four-person team!
A big thank you to those of you that have already sponsored us, it makes trying to do 10k steps a day, whatever the weather, a little easier knowing that we’re helping The Prince’s Trust provide much needed support to disadvantaged young people.
So far, we’ve raised some £300, but we’d love your help to get closer to our goal of £1,500 – any donation, however small, would be very welcome indeed. To donate, see our TechMarketView Fundraising Page and scroll down if you wish to sponsor a specific team member.
Posted by Tola Sargeant at '08:55'
In December 2023, we published TechMarketView Predictions 2024: Enabling Acceleration. It detailed how 2023 was a tougher year for many UK Software & IT Services (SITS) suppliers, driven by a slowdown in the second half of the year.
A toughened environment, combined with other challenging factors such as increasing cyber threats, growing competitive pressure, and rising employee and customer expectations, is forcing many organisations to rethink tech investments. Whilst IT budgets might be tighter, there is intense pressure to keep pace with the speed of technological innovation and make a transformation step change, hence why our research theme for 2024 is Enabling Acceleration.
Today we have published UK Public Sector SITS Predictions 2024. The report provides six predictions for the use of technology for each of the six subsectors we track (Central Government, Local & Regional Government, Defence, Health, Education and Police) and the role it will play in Enabling Acceleration in the public sector.
PublicSectorViews suppliers can read our predictions for the use of technology in the public sector during 2024 and beyond by downloading UK Public Sector SITS Predictions 2024 today.
If you are not yet a subscriber, or are unsure if your organisation has a corporate subscription, please contact Deb Seth to find out more.
Posted by Dale Peters at '09:45' - Tagged: defence education police health predictions local+government public+sector central+government
There is definitely something to be said for dawn dog walks and ditching the tube to walk between meetings, especially on a sunny day! February will see more of both as almost everyone at TechMarketView takes on the #FutureSteps challenge in aid of The Prince’s Trust.
I’m really proud that this year TechMarketView has three teams taking part with everyone trying to do at least 10,000 steps a day throughout February to raise funds for the Trust (and no, it hadn’t escaped our attention that there will be an extra day of stepping this year!).
For sedentary (home) office workers like us, it can be a genuine challenge to reach 10k steps a day, especially on workdays. But we know getting away from the desk a bit more is doing us good, whilst also helping to transform the futures of young people across the UK as we raise money that will go toward vital youth programmes including training, education and boosting confidence.
To be honest, we’re also enjoying the element of competition – for an SME like us, being ahead of giants like AWS, HSBC and KPMG on the steps leaderboard is very satisfying!
If you’d like to cheer the TechMarketView teams on with a small donation to The Prince’s Trust that will give young people a better future, this is the place to go >> https://events.princes-trust.org.uk/fundraisers/TechMarketView/future-steps
Thank you!
Posted by Tola Sargeant at '12:01'
TechMarketView is today very excited to announce the launch of new research stream, called SustainabilityViews, designed to help our clients better understand how software and IT services are being deployed in pursuit of environmental sustainability goals.
SustainabilityViews takes a global view of sustainability technology, tracking emerging tech and use case developments for SITS in sustainability-related fields – reflecting how the fight against climate change is a worldwide concern.
TechMarketView’s in-depth analysis extends across a range of use case areas:
Expect to see much more in our 2024 research agenda, including profiles and evaluations that look at the credibility of SITS suppliers in the sustainability space (both established players and disruptive new entrants), end user case studies, our Totally Sust podcast interviews, and analysis of funding and M&A activity.
Plus, we’ll provide regular round-ups of how key technology areas have a role to play in delivering sustainability impact (such as “AI in Sustainability”) and how sustainability issues are being tackled in different industry sectors (such as “Sustainability in the NHS”).
Craig Wentworth, Principal Analyst and SustainabilityViews lead, introduces the new research stream in this short video clip.
Characterised by rich data and easy to digest written analysis, SustainabilityViews is essential reading for anybody with a stake in technology-assisted sustainability initiatives.
This new research stream will enable our clients to plan their approaches to sustainability, identify short term and long-term areas of SITS opportunity, and respond to market threats pre-emptively. It’s available from today, alongside our core Foundation Service, horizontal coverage of key technologies (including cloud, emerging tech, cyber, AI automation, and business process) in TechSectorViews, and in-depth coverage of key vertical markets in the PublicSectorViews and FinancialServicesViews streams.
To understand more about how our new SustainabilityViews research stream can help your organisation understand its sustainability obligations, obstacles, and opportunities, please contact Deb Seth.
Posted by Craig Wentworth at '08:50' - Tagged: research launch
