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internetnews.com: IDC: Linux Becoming Entrenched in Capital Markets

Dec 19, 2002, 17:30 (5 Talkback[s])
(Other stories by Thor Olavsrud)

"Linux is well on its way to becoming entrenched in capital markets, with leading edge firms turning to the platform for mission-critical applications, according to a new report by IDC Financial Services (the fruit of IDC's acquisition of Meridien Research).

"The report's authors, IDC Financial Services analysts Deborah Williams and Damon Kovelsky noted that in addition to mission critical apps, most firms are also turning to Linux for more fundamental applications like basic infrastructure, e-mail and printer servers.

"'Future wide-scale implementations of Linux-based, mission-critical business applications may get less press, but they will continue to happen at all of the largest global financial institutions,' Kovelsky said. 'Critical to this migration will be the ongoing support of the large hardware vendors, especially their ability to provide support tools and services for porting and new development. We believe that within the next 18-24 months, installing a Linux-based software package will become as normal as installing a Windows or Sun Solaris system...'"

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