TITLE

Services Software IPOs Greeted Warmly in '06

AUTHOR(S)
O'Connor, Colleen Marie
PUB. DATE
December 2005
SOURCE
Investment Dealers' Digest;12/5/2005, Vol. 71 Issue 46, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that initial public offerings of software development companies which target business services and offer management solutions are well received by investors. Companies in this sector have raised $978 million by December 1, 2005. The software development companies have fee-based revenue and have long term service contracts that attracts the investors. Business enterprises all over the world are using software to outsource more and more tasks. The interest in the software/business software service makers is supported by investors' desire for more technology stocks in their portfolios.
ACCESSION #
19162882

 

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