This paper, a work in progress, explores the factors related to technical collaboration in research and development (R&D) among firms in the information technology projects. Technical collaboration includes informal collaboration, strategic alliances and acquisitions. The factors are divided into three main categories: Causes or motivations for establishing such technical collaboration; consequences or impact of the technical collaboration on the innovation rate, R&D intensity and the firm performance; and finally critical success factors for achieving a positive outcome from establishing such technical collaboration among firms within the information technology industry. The overview from the literature results in a total of 74 factors, classified into the three categories. Furthermore, the paper shows that in the literature of strategic management, the impact of the technical collaboration on the performance is contradictory and incomplete. A more holistic approach is proposed.