New ISA chair predicts end of tech downturn

14 Apr 2003

Cathal Friel, director of Merrion Corporate Finance, has been elected chairman of the Irish Software Association. He replaces Paul O’Dea (CEO, International Ventures) who has completed his term of office.

Predicting the start of a technology recovery Friel said: “The average life of an IT investment is four years and if one thinks that most major IT investments were made three to four years ago one can clearly see now why there should be a real need for industry to start spending on IT projects from late this year and particularly next year.”

The Irish Software Association, which represents over 220 companies, is an affiliate of IBEC and a founder member of ICT Ireland.

By Suzanne Byrne