Allianz RCM's Walter Price is building positions in the service and cloud computing sector, in the view new companies in the sector have a competitive advantage.
The manager of the £67m RCM Technology Trust says outsourcing of information technology systems is a key long-term trend. He has built a 6% position in the fund this year, which he plans to increase. His largest holding in this sector is Salesforce.com, which is a 3.1% position. “Customers are tired of having to buy hardware and software, put it together, built an IT system and then having to pay to service it. In addition, high profile IT projects have a very low rate of success,” Price says “With cloud computing, the system is designed by the provider and if it does not work, the...
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