Platinum Technology chief executive, Andrew Filipowski, predicts there will be only six software companies left at the turn of the century, because of a tidal wave of acquisitions. However, he would not specify those he believes will last the course.
At a keynote speech at the Uniforum conference last week, Filipowski said software companies follow similar lifecycles to products - they have an idea, market it and then update it. If they cannot keep moving along the cycle, they go out of business or are acquired. "Every medium-sized and smaller software company is doomed to extinction," he said.
Filipowski, who led Platinum to acquire 10 companies in five months during 1995, said customers need confidence that their supplier will survive. Despite this tough line, he believes Platinum will be one of the six that still exist in 2000, mainly through developing comprehensive security software within two years.
"We can provide enough security to prevent attacks on some of the easier targets, but we can?t plug every hole every time," he said. He claimed security is in its infancy, at the same stage word processors were at with Wordstar.
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