PassGo’s 4th Consecutive Appearance in Software Magazine’s Software 500 List

Security Specialist PassGo, listed as No. 392 on list of World’s Largest Software Companies

Pittsburgh (PRWEB) October 28, 2005 -- PassGo Technologies, software specialist in the field of identity management and security solutions, has today announced its inclusion on the Software 500, Software Magazine’s list of the world’s leading software and services providers.

“I am delighted that PassGo has been recognized by Software Magazine as part of the Software 500“, said John Rainford President and CEO of PassGo Technologies. “2005 has been a year of exciting developments and challenges to both the industry, and software vendors seeking to rise up and face those challenges head-on, and following the recent release of our award winning identity theft protection, and SOX compliance products, we are looking forward to an improved ranking in 2006.”

The Software 500 shows a ranking by revenue of the world’s largest software and services companies both public and private, including revenues from software licenses, maintenance and support, training and software-related services and consulting. The financial information was gathered by a survey prepared by King Content Co., with the full Software 500 list being available at www.softwaremag.com.

With the editorial content focus of Software Magazine being aligned with the top business concerns of CIOs and IT managers, Software Magazine is recognised as a leading authority in the field.

“The overall health of the software and services industries has improved, with revenue for the 2005 software 500 at $383.3 billion worldwide for 2004, an increase of 16.5% over the previous year. The industry continues to be dynamic, with nearly 100 new companies on the 2005 Software 500 list,” says John P. Desmond, editor of Software Magazine and Softwaremag.com. “Employee head count was up 13.7% and was strongest in the segments of collaboration / project management, system integration services and IT consulting, and the supply chain/manufacturing software segment. Our aim is to help CIOs, senior IT managers and IT staff research their partner options and that is a valuable service.”

About PassGo
PassGo Technologies has an exclusive license from Symantec Corp. (NASDAQ:SYMC), a world leader in Internet security technology, for Symantec's Web access control solutions and services. Designed and built to work seamlessly and transparently in complex environments, this comprehensive portfolio of solutions - including authentication, web access management and privilege management, single sign-on, audit and password management - allows customers to confidently exploit the latest technologies to better their competitive advantage. PassGo is an international company with over 1000 customers worldwide, and a long established reputation in the security arena. To learn more about PassGo visit www.passgo.com.

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