Austria's IT market in 2020

The Austrian IT market has shown better resiliency to the COVID-19 pandemic than initially projected in PAC's early predictions at the beginning of the first wave in March/April 2020. Even though overall economic output in Austria experienced a sharp slump in 2020 (GDP shrank by 7.3%, according to the WIFO forecast), according to PAC's estimates, the software and IT services market generated a total volume of EUR5,822 bn in 2020, with a growth rate of -0.8% compared to the previous year.

McKinsey snaps up sustainability specialists

Business consulting firm McKinsey has unveiled the acquisition of two sustainability specialists in the UK.

Wipro spends €1.2bn on Capco to bolster BFSI credentials

Wipro has announced an agreement to acquire Capco, a management and technology consultancy geared towards the banking and financial services market. The deal will see Wipro spend approximately €1.2bn ($1.45bn) on the firm, which makes it the company’s largest acquisition to date.

EU unveils winners on €440m framework deal

Everis, CANCOM and Sopra Steria were among the big winners named on a major new initiative with the European Union’s vehicle for managing IT projects in areas including security and justice.

DXC's Modern Workplace ramps up for 'Virtual First'

We all know that the world of work has changed forever, but figuring out how to evolve towards sustainable working practices is an altogether more complex discussion. DXC is ramping up its Modern Workplace capabilities to help enterprises meet their 'virtual first' ambitions. 

Figure of the day: Application Services in France

In France, application-related services (consulting, system integration, training and application management) will generate a €16.5bn market in 2021, building the third largest market in Europe just behind the UK.