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UK SMBs Spent $12B on IT

NEW YORK -- Small and medium businesses (SMBs, or companies with up to 999 employees) in the United Kingdom spent US$12 billion on IT services in 2007, up some 8% over 2006. Up to 29% of the over US$40 billion in IT and telecom spending by U.K. SMBs went towards IT services, which includes computing, software and networking support, plus professional services such as IT consulting or IT management. This comes from the latest studies conducted by New York-based Access Markets International (AMI) Partners, Inc.

Notes Jacqueline Atkinson, New York-based analyst at AMI, In a way, this is not surprising, as companies need to support business operations and manage their IT infrastructures with an ever-increasing range of IT products and services. But it confirms that IT capabilities are expanding,” she adds, “particularly in the realms of security, storage and networking. SMBs need to outsource expertise in order to champion added solutions.”

Access Markets International (AMI) Partners Inc.