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While the internet giveth.(Brief article)
Byline: Bobby Pickering
While the internet givetha[bar]
As world leaders (of both the politician and popular culture variety) have been dazzling us this summer with global gatherings, overblown rock concerts and portentous communiquA[c]s, it's easy to feel that our eyes are being averted from more mundane realities.
Take all the M&A activity in the information industry in recent weeks -- something which portends a lot of jobs disappearing downstream. Mergers are always bloody businesses, with the axe falling to the corporate tune of "cost advantages".
The June roll-call was quite dramatic: Sirsi and Dynix (library systems); Bonnier and Infodata (business information); Hummingbird and RedDot (content management); Factiva and Synapse (taxonomy services); and T&F Informa and IIR Holdings. And don't think for a minute that that's the end of it. Expect more while you're lying by the pool.
Much of this must be due to the inevitable result of markets maturing and reaching a natural phase of consolidation. But some might ...
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Source: HighBeam Research, While the internet giveth.(Brief article)