Software Magazine Ranks WorkForce Software as One of the World’s Largest Software Companies
Livonia, Mich., October 22, 2008 – WorkForce Software today announced its inclusion on the Software Magazine’s Software 500 ranking of the world’s largest software and service providers, now in its 26th year.
WorkForce Software was ranked 424, with software revenue of $7.9 million.
“The 2008 Software 500 results show that revenue growth in the software and services industry was healthy, with total Software 500 revenue of $451.8 billion worldwide for 2007 representing 14.7% growth from the previous year,” says John P. Desmond, editor of Software Magazine and Softwaremag.com. “We have added over 100 new companies to the list this year. We’re seeing strong growth from more companies based outside the U.S., especially from systems integration and outsourcing services firms based in India.”
“Total employee head count was a modest 1.3% increase from the last year. Sectors seeing the highest rates of employee growth included Software as a Service, Search/Portal tools, Supply Chain/Manufacturing, Legacy System Renewal/Integration and Database,” Desmond says.
“The Software 500 helps CIOs, senior IT managers and IT staff research and create the short list of business partners,” Desmond says. “It is a quick reference of vendor viability. And the online version to be posted soon at www.Softwaremag.com is searchable by category, making it what we call the online catalog to enterprise software.”
WorkForce Software falls into the 42-percent of the 2007 Software 500 companies that are privately held.
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.
Go to www.myswmag.com to subscribe to digital Software Magazine and be among the first to see the 2008 Software 500. It is being released first in the digital publication.
The ranking is based on total worldwide software and services revenue for 2007. 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. The financial information was gathered by a survey prepared by King Content Co. and posted at www.Softwaremag.com, as well as from public documents.
“Our goal is to provide our customers with the most flexible workforce management system on the market,” Kevin Choksi, president and CEO of WorkForce Software. “Our growth in our customer base, revenues, and profits allows us to re-invest a large portion of revenue back into research and development to make sure we offer the most competitive product in the market. Being recognized as one of Software Magazine’s Software 500 is an outstanding honor and we are proud of what our team has accomplished.”
About Digital Software Magazine, the Software Decision Journal, and Softwaremag.com
Digital Software Magazine, the Software Decision Journal, has been a brand name in the high-tech industry for 30 years. Softwaremag.com, its Web counterpart, is the online catalog to enterprise software and the home of the Software 500 ranking of the world’s largest software and services companies, now in its 26th year. Software Magazine and Softwaremag.com are owned and operated by King Content Co.