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SOURCE Material Minds
TORONTO, March 19, 2013 /PRNewswire/ -- Foosball and free food still exist but long gone are the days of mindless spending and large losses. The post-bubble era is seeing dramatic increases in productivity for software companies. It seems as though the software industry is rapidly maturing.
A study released this month by Material Minds (http://materialminds.com) shows that:
"The decline in venture capital and public market funding forced companies to focus on productivity," says Charles Plant, CEO of Material Minds. "Many firms were also able to turn high growth ideas into profitable business models as they figured out their value propositions."
The industry as a whole has also expanded. Material Minds looked at annual financial results released in the last 12 months for 284 publicly traded software companies in North America, comparing them with a similar study done in 2004 of 342 public North American Software companies.
You can get a full copy of the report at: http://materialminds.com/research/software-industry-productivity/
About Material Minds
Material Minds (http://materialminds.com) helps new economy companies and teams to improve Return on People. We provide innovative organizational development and leadership development programs that deliver measurable results.
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