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- The Startup Velocity Question
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Accenture Poised To Benefit From IT Outsourcing Upswing
A recently released study by IDC, “U.S. BPO Contract Analysis 2006–2010 by Vertical,” revealed that during the five-year period, BPO contract values soared in 2008 and have since declined because of the recession. However, the situation should improve in the coming years. Gartner’s projections state that the ITO market will grow 6.9% over the previous year
Electronic Arts Shifting Heavily Toward Social & Mobile Gaming
NPD Group estimates that U.S. retail video game sales fell 20% over the year in July to $707.7 million because of a significant drop in console gaming revenues. The researcher estimates that retail video game full-year revenues to fall 2% over the year. In July, sales of video game hardware, which includes hand-held game systems and
Qihoo: A Chinese Internet Powerhouse
Thomson Reuters data shows that 21 Chinese companies with VC backing raised $2.2 billion last year when they went public in the United States. From 2000 to June 2010, mainland Chinese companies raised $188 billion in 495 deals on leading global stock exchanges, including the NYSE, Nasdaq, LSE, and the Hong Kong Stock Exchange. During the same
China’s Online Video Leader Youku
According to research firm Analysys, China’s online video revenues grew 148% over the year to RMB 621 million (~$96 million) in Q3 last year. Youku, which has been called the YouTube of China, is the leader with over 22% of the market share, followed by Tudou with 16% share and Sohu with 13%. Youku launched
Baidu And Alibaba Launch Mobile OS
According to the China Internet Network Information Center, at more than 500 million Internet users, China has the largest population of internet users in the world. McKinsey estimates that in China, 6 million people access the Internet for the first time each month. They expect China’s Internet population to rist to 750 million by the
Security Market Continues To Grow
According to Gartner, Governments, corporations and individuals spent $16.5 billion on security software last year – growth of 12% over the previous year. Last year, Symantec captured 19% of the security market share and was the leader in the segment. Spending on security software is expected to grow 14% in 2011 and another 10% in
Yandex Topping The Russian Internet
According to Moscow-based Association of Communication Agencies, online advertising in Russia grew 51% from 2008–2010 to reach 26.65 billion rubles (~$940 million). During the same period, spending on print ads in the country fell 41%, radio ads declined 21% and television ads fell 6%. And, it is not just online advertising. The country was named
Pandora Must Deal With Increasingly Sophisticated Competition
According to researchers, 63% of IPOs that came out this year are now trading below their list price. But despite the weak performance, overall the IPOs were still better than the S&P 500 Index. Year to date, the S&P 500 Index is down 11.5% compared with 6.5% reduction faced by the IPOs. Pandora, the online radio