Convergence and consolidation the keys for IT spending

The gist of this year's buy-side IT survey entitled 2007 Asset Management IT Outlook conducted by New York-based buy-side operations and technology consultancy CarbonBased Consulting, can be summed up in two words: convergence and consolidation. These are hardly earth-shattering findings as buy-side firms in all regions have been grappling with the issues of managing multiple vendor relationships while at the same time looking to implement technologies supporting a number of different aspect

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