Despite the dire warnings about the Millennium date change, only a third of UK IT managers believed that organisations considering mergers or acquisitions should consider the impact of the Year 2000 on critical systems before committing.
According to a survey - which quizzed senior IT executives from 46 UK companies that have been through mergers or acquisitions in the past three years - only 18 per cent believe that the date change issue is a 'major? problem to overcome.
Steve Green, marketing director of Antares Alliance, the software company that commissioned the research, said: ?Findings elsewhere from the survey show that senior management take little or no account of IT issues when considering a merger or acquisition. This has major implications for the Year 2000 issue, which could be a timebomb waiting to explode for organisations going through a merger or acquisition over the next couple of years.?
Also, 32 of the respondents revealed that more than a total of #290 million worth of applications software had had to be scrapped in their organisations as a result of a merger or acquisition. Antares believes the figure could be double that in reality, since respondents who did not know how much their companies had lost in this way were treated as having no costs.
More than half felt mergers and acquisitions provided good opportunities to review their software though only 42 per cent believed they should review their overall IT strategies. Only one-fifth would move to packaged applications while 17 per cent would scrap legacy data.
Almost half of the managers interviewed felt that the date change issue was, at the very least, a 'fairly difficult' problem.
The companies that took part represented 7.5 per cent of all mergers and acquisitions in the UK in the past three years. The respondents were IT managers from building societies, manufacturing companies, IT companies and electronics.
Cotton seedling freezes to death as Chang'e-4 shuts down for the Moon's 14-day lunar night
Fortnite easily out-earns PUBG, Assassin's Creed Odyssey and Red Dead Redemption 2 in 2018
Meteor showers as a service will be visible for about 100 kilometres in all directions
Saturn's rings only formed in the past 100 million years, suggests analysis of Cassini space probe data
New findings contradict conventional belief that Saturn's rings were formed along with the planet about 4.5 billion years ago