The 2007 Software 500 results show that growth in the software and services industry was healthy from 2006 to 2007, the ranking year. The industry continues to be dynamic with more than 98 new companies on the list this year for the first time
McLean, Va. (PRWEB) October 15, 2007
LogiXML, Inc. (http://www.logixml.com), the fast-growing leader in interactive, Web-based Business Intelligence, today announced its inclusion on the Software Magazine's Software 500 ranking of the world's largest software and service providers, now in its 25th year.
"LogiXML is happy to be recognized as one of the world's largest software companies by Software Magazine," said Arman Eshraghi, LogiXML Founder and CEO. "We have achieved this level of success by delivering outstanding Web-based Business Intelligence software to the market. In 2007, we have continued our dramatic growth through the first three quarters of this year and look forward to moving up the Software magazine ranking in next years report."
LogiXML growth rate of 86.6% in 2006 makes it the fastest growing Business Intelligence software company listed in the Software Magazine Software 500.
"The 2007 Software 500 results show that growth in the software and services industry was healthy from 2006 to 2007, the ranking year. The industry continues to be dynamic with more than 98 new companies on the list this year for the first time," says John P. Desmond, editor of Software Magazine and Softwaremag.com. "The top four business sectors this year are System Integration Services/IT Consulting, Application Development, Financial Applications and Security Tools/Systems. It may be the case that difficulty companies have in developing and keeping their own IT skilled workers, is driving demand for services firms.
"Total employee head count is up 14.7% from the previous year's Software 500, reversing the decline of last year. Sectors seeing the highest rates of employee growth included Search/Portal tools, Security/Tools/Systems, Messaging/Communications and Wireless/Mobile," Desmond says. "In addition, about 73% of the Software 500 companies saw revenue growth in 2006."
"The Software 500 helps CIOs, senior IT managers and IT staff research create the short list of business partners," Desmond says. "It is a quick reference of vendor viability. That is content of value."
Some 37 percent of the 2006 Software 500 companies 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 http://www.myswmag.com to subscribe to digital Software Magazine and be among the first to see the 2007 Software 500. It is being released first in the digital publication. The online Software 500 on Softwaremag.com, to be posted at a later date, is searchable by primary business sector.
The ranking is based on total worldwide software and services revenue for 2006. 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 http://www.Softwaremag.com, as well as from public documents.
About LogiXML, Inc. (http://www.logixml.com)
LogiXML, the leader in interactive, Web-based Business Intelligence empowers enterprises to turn data into business-critical information with pure Web-based reporting and analysis products. The Company offers a comprehensive platform that addresses all key areas of BI - managed reporting, ad hoc reporting, analysis and data services. Used by thousands of organizations worldwide, LogiXML products are built on standards-based technologies for easy integration, implementation and upgrade. LogiXML's per server pricing model makes its powerful technology the most affordable BI solution on the market. Founded in 2000, LogiXML is privately held and based in McLean, Virginia.
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 nearly 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 25th year. Software Magazine and Softwaremag.com are owned and operated by King Content Co.
About King Content Co. and the Software Marketing Perspectives Conference & Expo
King Content Co., owner of Software Magazine, is holding a one-day Software Marketing Perspectives Seminar & Expo at the Hyatt Regency Austin on Town Lake, on Oct. 23, 2007. To register, go to http://www.smpevent.com. The event offers a spin-free zone where VPs and directors of technology product management, primarily from the software industry, can share experiences and network with each other.
The fourth annual Software Marketing Perspectives Conference & Expo will be held at the Santa Clara Convention Center, Santa Clara, Calif., from May 7-9, 2008. Watch the event Web site for program information.