Circle Star Energy Corp (CRCL)
I get asked all the time “Why does NBT focus on small emerging IT companies like IceWEB vs. the big guys like EMC or IBM?”
My answer has always been “because in the annual $3.5 trillion global IT market, BIG means SLOW…and slow doesn’t cut it in the IT world these days.” I am reminded of the old Silicon Valley saying “Speed is God and time is the Devil” when it comes to the major shift to new tech vs. old tech.
Why are start-ups eating OLD Tech's lunch?
#1 Large IT companies already have the core IT systems…what they need is “micro- functionality”—very specific solutions to very specific jobs…that means new stuff not old stuff.
#2 Open source software has changed to game…the core functionality of open source software like Linux, Apache, Ruby Rails, Sugar CRM et al are the CORE underlying technologies for the NEW world of IT…get over it.
#3 Of course the “Cloud” has changed the dynamics of IT adoption. $Billions of transactions and services are transacted every day over applications hosted on Amazon AMC data centers...new IT functionalities can be incorporated into the daily lives of business with one click and a credit card.
#4 Hundreds of “small start-up” technology companies have been acquired by “Big Tech”—the risk that has been taken on “small tech” has already been taken hundreds of times before…been there done that.
It IS the innovators like IceWEB or Mimvi that are bringing the innovation to the IT world…and their “smallness” is an ADVANTAGE in most cases.
THAT is the IT world we live in today…and that is why we search to globe for these companies.
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