Open-Source Technology May Gain as Wall Street Cuts Back

January 2009
Securities Industry News;1/19/2009, Vol. 21 Issue 2, p1
Trade Publication
The article focuses on the potential increased demand for open source software among financial services firms in 2009 due to the global financial crisis. Larry Tabb, chief executive officer (CEO) of Tabb Group, says developers that will start migrating to open source if demand for licensed software decreases. It is noted that open-source start-ups like Vyatta and XAware may be well positioned to benefit from this trend. Ian Berriman of PA Consulting advises firms considering open-source to look at their information technology (IT) real estate to see where open source can be used to lower costs.


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