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Message: <blockquote data-quote="saraprobe" data-source="post: 890546" data-attributes="member: 13914">IDC study says 90% rate results in $86 million in retail revenue loss to the local software industrySoftware piracy rate of 90% in Sri Lanka is the sixth highest in the world forcing the local industry to lose US$ 86 million (nearly Rs. 9 billion) in retail revenue based on a study by specialist International Data Corp (IDC).The shocking disclosure was made at a seminar on Business optimisation with good governance and staying compliant with software asset management (SAM) in Colombo, with the patronage of the Business Software Alliance (BSA).The seminar, which was the first in Sri Lanka, was jointly inaugurated by National Intellectual Property Office, the Ceylon Chambers of Commerce, the ICT Agency of Sri Lanka (ICTA) and the European Chamber of Commerce of Sri Lanka.Sri Lanka was found to have a software piracy rate of 90% in a study conducted as an extension of the IDC’s Global Software Piracy Study 2006. This means that 9 out of 10 software installed on personal computers in 2006 in Sri Lanka was unlicensed or obtained illegally through software theft. The high software piracy rate has resulted in US$86 million in retail revenue losses to the local Sri Lankan software economy according to IDC.<a href="http://www.thebottomline.lk/2007/10/24/B48.htm" target="_blank">The bottom line</a></blockquote>

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