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Industry Outlook 2005
Technology
Florida's software industry continues to be strong, pushed in part by the banking industry's needs for financial software development, says Gordon Hogan, a business development consultant with the University of Central Florida's technology incubator program.
Art Allen, president and CEO of Naples-based ASG Software Solutions, spent more than eight months this year on business development trips in Asia, Brazil and throughout the U.S. The founder of 900-employee ASG says he didn't hear talk of budget cutting on the trips as he has in the past four years. He sees the software industry tethered to the world economy.
"The world economies in most countries are on the mend, and growth is the topic in most of my meetings," Allen says.
Scott Adams, a founder of Cenetec, a Boca Raton-based technology investment company, says overall Florida's high-tech companies need more angel investors to provide needed capital.
2005 Forecast: Legislative initiatives such as Sarbanes-Oxley and HIPAA compliance -- which demand software accountability tools -- will drive growth for the software industry, says Art Allen, president and CEO of ASG Software Solutions.
