Software AG has been included in Software Magazine’s Software 500 ranking of the world’s largest software and service providers, now in its 27th year. Software AG was ranked 56th, with software revenues of $1054,7-billion and a growth rate of 25%. This position is up from 65th place in 2008 and 70th in 2007.
Software Magazine has been a brand name in the high-tech industry for 30 years and is home of the Software 500 ranking of the world’s largest software and services companies.
“The Software 500 ranking confirms that we have a sound global business model and are well positioned in the software market,” says Karl-Heinz Streibich, CEO of Software AG. “We have done quite well even in an economic downturn as customers are willing to make investments when the benefits of IT projects are really clear.”
“The 2009 Software 500 results show that revenue growth in the software and services industry was healthy, with total Software 500 revenue of $491.3 billion worldwide for 2008 representing 8.8 percent growth from the previous year,” says John Desmond, editor of Software Magazine and Softwaremag.com.
“The Software 500 helps CIOs, senior IT managers and IT staff research and create the short list of business partners,” Desmond added. “It is a quick reference of vendor viability. The online version is posted at www.Softwaremag.com is searchable by category, making it what we call the online catalog to enterprise software.”
On a local note, Fred Brady, vice-president of Software AG South Africa, says: “This ranking is reflective of the stability and strength of both the company and its products and services. From our customer feedback in our local markets, it’s clear that in these tough economic times organizations like Software AG continue to be leaders in quality customer-centric service delivery. Our solutions offer customers real benefits in an economy where every Rand is scrutinized and it’s clear they understand our positioning.”
The Software 500 is a revenue-based ranking of the world’s largest software and services suppliers targeting medium to large enterprises, their IT professionals, software developers and business managers involved in software and services purchasing.
The ranking is based on total worldwide software and services revenue for 2008. This includes revenues from software licenses, maintenance and support, training and software-related services and consulting. Suppliers are not ranked on their total corporate revenue, since many have other lines of business, such as hardware.