Frost & Sullivan to Host Analyst Briefing Webinar on An Emerging Player's Perspective on Competitive Strategies, on Tuesday, 15 December 2009, at 10:00am Korea Standard Time (GMT +09:00)

SEOUL, South Korea, Dec. 7 /PRNewswire/ -- The global software industry is undergoing dramatic changes to realign itself in order to be more relevant in the new economic order.

(Logo: http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO)

With profits of Fortune 500 companies plunging by 84.7 percent (from 2007 level) to just US$98.9 billion in 2009, IT budgets have shrunk and it's no longer business as usual for software vendors. Global software players are maneuvering the turbulent waters with new business models and mergers and acquisitions; Oracle's acquisition of Sun Microsystems being the most recent.

However, amidst the turbulence, several opportunities for innovation are emerging -- cloud computing, on-demand software and collaboration platforms are amongst the most obvious.

"In order to capitalize on these opportunities, Korean software players are re-configuring their business models and solutions. Backed by government policies to develop the next wave of knowledge economy, they are structuring themselves to meet, if not exceed, the expectations of their increasingly global and sophisticated customers. This is redefining competition in the global software industry," remarks Kam Soon Siew, Director for ICT Growth Consulting at Frost & Sullivan.

Frost & Sullivan is pleased to present its analyst briefing (webinar) on the Changing Global Economic Order and the Tall Re-Order of the Global Software Industry -- An Emerging Player's Perspective on Competitive Strategies. The briefing will be held on Tuesday, 15 December 2009, at 10:00am KST.

This interactive briefing will focus on three important aspects:

• Impact of global economic slowdown on IT investments and expenditure
• Insights into the emerging global software industry -- landscape and structure
• How emerging players are redefining value creation in the software solutions market

Mr. Lee Hyaesup, International Cooperation Manager of Korea's National IT Industry Promotion Agency (NIPA), will also be speaking at the briefing. In addition, three Korean software players will be showcased for their globalization efforts to compete in the global market.

All registered participants will receive a complimentary copy of "The Emergence of Korean Software Players -- the Next Innovation Wave" -- a software industry report from Frost & Sullivan.

To participate in the briefing, please email Moon Sun Chang at moonsun.chang@frost.com with the following information: your full name, company name, title, telephone number, e-mail address, company website and country.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com

CONTACT:
Moon Sun Chang
Corporate Communications
P: +82 2 6710 2002
E: moonsun.chang@frost.com
http://www.frost.com

SOURCE Frost & Sullivan

Back to top

RELATED LINKS
http://www.frost.com