by Dawn McGee
For anyone who had the opportunity to read my latest newsletter, you’ve already seen this title, but let me take a moment to expand upon it. It is springtime in New England, so there is a sense of rebirth in the air already, and maybe you’re thinking that I took my exuberance too far.
I was wondering the same thing. Really though, it does feel like there is a small sense of relief in the high tech community, even if it’s not necessarily right here in the Northeast. Normally, there is a regional nature to business, particularly in high tech. However, over the past year or so, everyone has been sharing the same sense of doom. Lately, though, the daily alerts that I’ve been receiving from Venture Deal have been strongly pointing to a resurgence of funding for California companies.
So that’s one data point. As I surfed a little more, I found that Cisco is buying up companies again. They just purchased Tidal Software and Pure Digital Technologies. I also found that VC firms based in the San Francisco Bay area are reporting more confidence again. Lastly, to bolster a general sense that the banking world will survive, Wells Fargo reported a record quarterly profit, giving some hope that the deterioriation in the financial sector is slowing if not outright reversing.
Am I making a mountain out of a molehill? Who can really say for sure? What I know is this – if the world is going to continue turning and businesses are going to continue running, innovation will also continue to occur and software projects will still need to be architected and developed. For me, at least, this speaks well of our future.
Dawn McGee is a Business Development Manager for MapleWorks – the smart choice for onshore software development.
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