We have talked extensively about the fact that fewer are replatforming right now. You can speculate the reason but the facts are on the table in the mid market and above - at least those in my network I speak with.

This means a few other things too:

- smaller agency project sizes as upgrades and add-ons to existing platforms become more prevalent.

- agencies adding advisory and revenue-generating services some of the advisory work I would expect they used to give away for free with a normal replatform.

- agencies with better funding will gobble up smaller, less-well funded agencies as cash flow becomes tighter. Agency layoffs could be on the horizon.

- some platforms may look for exits. I predict by Q1 we may have 2-3 fewer independent platforms out there.

I already see more CMS projects in the market in the last year than perhaps in the last 3 years as people want to shore up their front end.

I do think part of this is contributing to CMS funding levels which seem unprecedented.

What else do you think are the implications of fewer replatforms?