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Software development grows

European software firms increased R&D spending by 28 per cent between 2010 and 2011 and total R&D spending by the companies surveyed reached about €5.7 billion in 2011, up from €4.4bn the previous year, according to a report by private equity firm Truffle Capital. The number of people employed in research rose from about 55,200 in 2010 to over 59,500 in 2011.

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