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What IT executives are saying about vendor consolidation

October 26, 2023

Via: CIO
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As the tech economy has adjusted to the current economic environment, there has been a great deal of debate in both the vendor and investor communities about vendor consolidation. While there is little doubt that companies have been cutting back on expenses generally in response to economic uncertainty, startups in particular have been feeling the pain of contracting budgets and reluctant investors.

Thanks to the team at Foundry, I was able to gain input from those whose opinions matter most – the senior IT executives at mid-sized to large companies who are placing the purchase orders and determining which vendors to leverage – and which to cut back.

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