Weakened by the global financial crisis and American rivals who continue to acquire the Continent's best companies, Europe's software sector is calling on local governments to take urgent measures.  A recently released annual ranking of Europe's Top 100 software companies  found that the mean increase in turnover for Europe's software companies in 2008 was 3%, down sharply from 10.3% in 2008. The survey is seen as a key index of the industry's health on the European level.Read more

It is an all too familiar story.  European software companies grow to a certain size but have trouble scaling and are eventually bought by foreign, typically U.S. companies, leaving Europe with a dearth of global champions in a sector that is at the very core of the IT sector. But a French decree passed in late February aims to change the future direction of the European software industry.

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