Feeds

The IT industry has never had it so good

Record levels of investment. And the UK leads the way

  • alert
  • submit to reddit

Top 10 endpoint backup mistakes

The European IT industry attracted record levels of investment in 2000 - up 68 per cent from the year before to hit 11.5 billion euros (£7 billion), according to an extensive report just published by PricewaterhouseCoopers.

The amount of investment is also expected to increase by 32 per cent this year to 15.2 billion euros (£9.3 billion). Technology now accounts for nearly a third of all investment across all industries in Europe. In short, the IT industry has never had it so good.

And the UK in particular. It leads the investment league table with 26 per cent of the total (£1.83 billion) coming to Blighty. This is followed by France on 21 per cent, who leapfrog Germans this year, with 20 per cent.

Software companies are receiving the most funding (31 per cent of it) but the good news is that more investment than ever is going in young companies building the latest technology.

Europe still has a long way to go though to catch up with the US. The average deal in Europe was up slightly at 1.5 million euros but this is chickenfeed compared to the US average of 18.5 million euros.

However, due to several factors including the increase in entrepreneur culture in Europe, increased globalisation, huge growth in e-commerce and most importantly the emergence of Europe as the hotbed for the latest technologies - in particular mobiles phones - Europe looks like it will continue to close the gap on the US.

This doesn't mean the crazy days of VC candy-from-baby funding and IPOs every other week are coming back. According to PwC, VCs are going back to basics: management, money and markets.

The PwC report, entitled Money for Growth 2000 was the third of its kind from the Global Technology Industry Group. It was based on information from the European Private Equity and Venture Capital Association annual survey.

According to PwC, the fact that 1,400 VCs across 21 countries were quizzed makes the report "by far the most extensive and comprehensive survey ever undertaken of private equity and venture capital investments in EMEA". ®

A new approach to endpoint data protection

More from The Register

next story
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?