The Daly Close: Will Your Vendor Survive?

Opinion

Since the record market volatility in November 2008 and the end of the 2008 fiscal year, the industry has seen the first wave of small, innovative and venture-backed vendors shutting their doors as funding and sales dry up. The trend is likely to accelerate as banks continue to shy away from vendors that don't appear to have lasting power.

Some vendors that have their products in critical infrastructure within the larger banks might be bought to protect the banks' investment. But considering how

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