Menu

Foundation Service recently published research

OffshoreViews Q4 2020 Review

“We’re still happy and we’re still mindful,” were the opening words from Rajiv Shah, President & CEO at Happiest Minds Technologies, along with Isaac George, Senior Vice President & Head of European Operations, on a recent call with TechMarketView Managing Partner Anthony Miller. In this edition of OffshoreViews, Miller explains why! Now in a new ‘presentation-style’ format, OffshoreViews also includes our regular summary of the top-tier and mid-tier Indian Heritage Provider (IHP) reporting season, along with insightful charts showing multiyear trends for the Top Tier players and an clickable index to relevant UKHotViews posts.

Access Research

IndustryViews Venture Capital Q4 2020 Review

Data from corporate finance firm Ascendant reveals a record level of venture funding into early-stage UK and Irish technology companies in 2020, despite the ongoing impact of the Covid pandemic. There were 1,016 funding deals of more than £0.5m announced - a drop of 5% on the equivalent figure for 2019. However the aggregate value of such deals was £9.5bn, up 15% from the previous year. Consequently, the average deal size increased by 21% from £7.7m in 2019 to £9.3m in 2020. This latest edition of IndustryViews Venture Capital has more detail, along with commentary on selected UK tech venture funding deals.

Access research

IndustryViews Quoted Sector Q4 2020

Our quarterly review of the UK software and IT services quoted sector scene with comparative share price performance against leading international software and IT services stocks.

Access research

Agilisys: Adaptation to an evolving market

In this latest research note we look at how Agilisys has adapted to changing market demands, allowing it to continue to grow the business profitably, and consider what it will need to do to maintain its position as a leading provider of digital transformation services to the UK local government market and expand into adjacent markets.

Access research

ECS acquisition by GlobalLogic oozes logic - January 2021

In November, it was announced that London headquartered, ECS, had been acquired by GlobalLogic. We can see why GlobalLogic was attracted to ECS, which gives it a great entry point into the UK market. ECS has numerous FTSE 100 customers, in financial services and other highly regulated sectors. ECS has built a track record as an Amazon Web Services partner and is a certified Advanced Consulting Partner, Managed Services Partner, and one of only three EMEA Amazon Connect Service Delivery Partners. It is also one of a small number of UK-headquartered businesses to be awarded the DevOps competency partner status by AWS. This research note looks at some of the implications of the acquisition for the companies and their customers.

Read more

OffshoreViews Q3 2020 Review - December 2020

It was precisely 134 days after assuming the role of CEO at Bangalore-based top-tier offshore services firm Wipro that ex-Capgemini CXO Thierry Delaporte presented his strategic priorities to the analyst community along with the operating model that will take Wipro through to 2025. You can read TMV Managing Partner Anthony Miller’s assessment of Delaporte’s plan in this edition of OffshoreViews.

Read more

Market Outlook Update Trends and Forecasts 2020-2023 - November 2020

This year, in light of the unprecedented impact of COVID-19, TechMarketView provided two distinct sets of projections in our UK SITS Market Trends and Forecasts 2020-2023 report published in July. Four months down the line, we now have a much clearer picture of how the advent of the C-19 era has affected and is affecting the UK SITS provider community. TechMarketView has therefore revisited its forecasts to provide a better-informed view of the market outlook. This update forms the core of this report.

Read more

IndustryViews Venture Capital Q3 2020 Review - November 2020

Following the COVID-induced fall in Q2, there was a modest 4% qoq increase in the number of venture capital investments in UK and Irish technology companies in Q3, although the total value of investments fell by 3% qoq. In Q3, a total of £1.85b was invested in 241 companies in the sector by 327 investors, according to the latest data from corporate finance firm, Ascendant.

Read more

IBM and NewCo: The hard work starts here - November 2020

In October, IBM announced it would create a new company (NewCo) to be spun-off as an independent entity and listed on the stock exchange. It is a major move and part of a broader strategy to remodel the firm and position it away from low growth, heritage markets. The challenges faced by the two entities as they split, and then get themselves into better shape to flourish, are notable. Considerations include operational and financial improvements, messaging/positioning, company culture and staff/skills, partner ecosystems, customer retention and additional M&A. The challenges are extensive, but radical – and ongoing – change is what is required to cement the position IBM has pitched as a $59bn “hybrid cloud platform and AI company”. This research note looks at some the challenges IBM and NewCo face and some of the issues they will need to address, including in specific areas such as Software and Public Cloud.

Read more

IndustryViews Corporate Activity Q3 2020- October 2020

Merger and acquisition activity in the UK software and IT services (SITS) sector appeared to bounce back strongly in Q3 according to the latest data from technology investment bank, Silverpeak. See more in this edition of IndustryViews Corporate Activity, our quarterly review of the UK software & IT services M&A scene.

Read more

IndustryViews Quoted Sector Q3 2020 - October 2020

Our quarterly review of the UK software and IT services quoted sector scene with comparative share price performance against leading international software and IT services stocks.

Read more

Solutions Market Trends and Forecasts 2020 - September 2020

This report contains TechMarketView’s latest market size and forecast data along with an analysis of the trends shaping the UK Solutions market. It is part of a series of reports assessing market and supplier performance that includes the Solutions Supplier Rankings 2020 and Supplier Prospects reports. Solutions services are usually conducted on a project basis and include activities such as custom systems development, platform/package software implementation, application deployment, systems renovation, testing and training. These are discrete services centred on the creation and/or supply and deployment of new business and/or technological capabilities.

Read more

Sopra Steria: Targeting 'Net Zero' ahead of the curve - September 2020

Sopra Steria has announced its commitment to reaching “net zero” emissions by 2028. That means that any Greenhouse Gas (GHG) emissions normally generated across the organisation’s value chain are reduced by emission reduction initiatives and the residual emissions are compensated by the purchase of ‘carbon removal’ carbon offsets to make the net emissions to zero. 2028 is an ‘anniversary year’ for Sopra Steria, marking 60 years since Sopra was founded, so management felt a desire to align the net zero target with the celebrations.

Read more

Sopra Steria: Acting on the importance of Digital Ethics - September 2020

Digital ethics has scaled the agenda of those implementing technology solutions over the last couple of years. Most often, the need to consider the ethical implications of technology has been associated with artificial intelligence (AI ethics). Sopra Steria has moved its thinking on and its approach looks more joined up than many other suppliers, acknowledging that it is about more than the technology, and that the boundaries between technologies are blurred, so it’s not sensible to focus on a single area in isolation. In this TechSectorViews research note, we outline Sopra Steria's approach to Digital Ethics, including a look at its Digital Ethics & Tech for Good practice, and the work it is undertaking with its first client in local government (London Borough of Harrow), and consider the likely impact on the wider UK business.

Read more

OffshoreViews Q2 2020 Review - October 2020

Now in a brand new format, OffshoreViews includes our regular summary of the top tier and mid-tier Indian Heritage Provider (IHP) reporting season, along with insightful charts showing aggregate 3-year trends for the Top Tier players.

Read more

The Rise and Rise of TCS

In June 2020, TechMarketView published its annual rankings of the leading suppliers of software, IT and business process services (SITS) to the UK market, UK Software and IT Services Rankings 2020. Rising to second place was TCS, now one of the world’s largest and most respected tech companies, beating IBM and Accenture for the first time for any Indian Heritage Provider (IHP). This CompanyViews note traces the history of TCS in the UK, highlighting some of the key milestones that saw the company grow to become one of the most successful players in the UK SITS market.

Read more

IndustryViews Venture Capital Q2 2020 Review - August 2020

Venture capital investment in UK and Irish technology companies was down 22% by value and 17% by volume in Q2 compared with Q1, but this is seen as an understandable virus-induced correction rather than an existential crisis. See more, including 50 pages of summary and commentary on selected UK VC tech deals in this issue.

Read more

IndustryViews Corporate Activity Q2 2020 - July 2020

UK software and IT services (SITS) sector merger and acquisition activity in Q2 fell back to the level last seen in Q1 2018 as COVID-19 restrictions took effect. Download the latest edition of IndustryViews Corporate Activity for our quarterly review of the UK software & IT services M&A scene for more detail.

Read more

UK SITS Market Trends and Forecasts 2020 - July 2020

TechMarketView’s keynote annual report on the trends and forecasts in the UK software, IT services and business process services market. This year's report offers two market scenarios in light of the COVID-19 pandemic.

Read more

IndustryViews Quoted Sector Q2 2020 Review - July 2020

Our quarterly review of the UK software and IT services quoted sector scene with comparative share price performance against leading international software and IT services stocks.

Read more

UK SITS Ranking 2020 - June 2020

TechMarketView's authoritative annual keynote report ranking the leading suppliers of software, IT services and business process services to the UK market. Companies covered in this research include: Accenture, AWS, Atos, BAE Systems, BT Group, Capgemini, CGI, Cisco, Cognizant, Computacenter, Dell Technologies, Deloitte, DXC Technology, Equiniti, Fujitsu, HCL, IBM, Infosys, Microsoft, Oracle, PWC, Sage, SAP, SS&C, Sopra Steria, TCS, Wipro and many more.

Read more

IndustryViews Venture Capital – Q1 2020 Review - June 2020

There was a substantial increase in funding for early stage UK and Irish technology companies during Q1 2020. A total of £2.44b (up 10% on Q1 2019 and up 4% on Q4 2019) was invested in 279 companies in the sector by 399 investors during Q1 2020 with a slight reduction in March after a very busy January and February. See more, including over 30 pages of commentary on selected UK VC tech deals in this issue.

Read more

OffshoreViews Q1 2020 Review - June 2020

Capgemini ex-Joint COO Thierry Delaporte will take the reins as Wipro’s first non-Indian CEO next month to try to boost growth and profitability. Read the latest edition of OffshoreViews to see why TechMarketView Managing Partner Anthony Miller believes the cards will be stacked against him succeeding where his predecessors have failed. Now in a brand new format, OffshoreViews also includes our regular summary of the Indian heritage Provider (IHP) reporting season, along with insightful charts showing aggregate 3-year trends for the Top Tier players.

Read more

COVID-19 Vulnerability and Resilience: Top 20 SITS Suppliers - May 2020

This analysis covers the largest Top 20 providers of Software and IT Services to the UK market, according to UK SITS Supplier Rankings 2019 (July 2019). It is a snapshot of how these suppliers rate versus the eight key characteristics for prospering during the economic fallout of the COVID-19 pandemic.

Read more

IndustryViews Corporate Activity Q1 2020 - May 2020

Merger and acquisition activity in the UK software and IT services (SITS) sector was seemingly unaffected by the COVID-19 pandemic during Q1 2020, with only a small decrease in deal flow, well within the bounds of the usual quarterly variations. Download the latest edition of IndustryViews Corporate Activity for our quarterly review of the UK software & IT services M&A scene for more detail.

Read now

IndustryViews Quoted Sector Q1 2020 Review - April 2020

Our quarterly review of the UK software and IT services quoted sector scene with comparative share price performance against leading international software and IT services stocks.

Read more

OffshoreViews Extra: COVID19 and the IPPs - April 2020

This special edition of OffshoreViews serves as a scene-setter on the impact of COVID-19 on the India-centric IT services industry (the so-called Indian Pure-Plays or IPPs), ahead of the publication of their quarterly (and in many cases, full-year) financial results. The Indian reporting season starts week beginning 13th April 2020. We will present a fuller analysis of the financial impact of COVID-19 in the next scheduled edition of OffshoreViews which we expect to publish when reporting season is over in May. We will of course continue to cover individual company results on UKHotViews as they report.

Read more

UK Financial Services SITS Sub-Sector Comparison - March 2020

This report introduces TechMarketView’s segmentation and analysis of the main sub-sectors that constitute the UK financial services industry and explores the market for software and IT services (SITS) therein. The document examines the main market segments and explains the various vertical business functions that comprise each of them. The analysis explores, at a high level, the relevant trends impacting each of the sub-sectors in the context of the UK financial services SITS market as a whole.

Read more

COVID-19: Impact on the tech sector - suppliers, customers & market trends - March 2020

TechMarketView outlines its current thinking on the impact of the COVID-19 situation on the UK tech market. How have IT suppliers reacted? What are their customers saying? What will be the short-term and long-term impact? Who will be the suppliers with the most resilient revenues?

Read more

IndustryViews Venture Capital - Q4 2019 Review - March 2020

Early stage UK and Irish technology companies received a record level of funding in 2019 according to the latest data from corporate finance firm, Ascendant. The aggregate value of venture capital funding in 2019 was £8.2b, up 28% from the previous year. There were 1,069 funding deals of more than £0.5m announced - just 1% higher than in 2018.

Read now

OffshoreViews Q4 2019: The Productivity Challenge - March 2020

Despite the many productivity initiatives that the Top-Tier ‘Indian pure-plays’ (IPPs) have been undertaking over the past few years—especially involving automation—the effect on revenue per FTE has been at best mixed, and in terms of profit per FTE, a downright disaster.

Read more

Attracting funding in the UK market - February 2020

The funding environment for early-stage companies in the UK is undeveloped in comparison to the US and some other countries. Despite the quality and quantity of developments in the UK, the market has historically been short of the capital required to exploit and drive the opportunities to full commercialisation. This is changing, however, with more venture funding available through a greater number of funding vehicles. But how do start-ups and other firms go about attracting this investment? Furthermore, how do they ensure they make the right decisions and don’t get caught out along the way?

Read more

IndustryViews Corporate Activity - 2019 Review - January 2020

Our annual review of corporate activity involving UK software and IT services company in 2019.

Read more