bitHeads Named Top 10 Growth Company on Software Magazine's 26th Annual Software 500

Software Magazine Ranks bitHeads as one of the World's Largest and Fastest-Growing Software Development Service Providers

Ottawa, Canada (PRWEB) November 9, 2008 -- bitHeads today announced its inclusion on the Software Magazine's Software 500 ranking of the world's largest software and service providers, now in its 26h year. bitHeads was ranked 405th, with revenue of US$12.1 million. bitHeads also ranked 3rd on the list of Top 10 Growth Companies in the $10 to $30 Million range with 116% annual growth.

"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."

"We are pleased to be recognized by Software Magazine as one of the largest and fastest-growing software development service providers in the world," states Scott Simpson, bitHeads CEO. "We're very proud of our growing reputation for building great products for mobile, web, communications and enterprise software companies and games studios."

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.

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.

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.

About bitHeads
bitHeads is the software product-building partner that has helped 3Com, Adscape Media, Cryptologic, IBM, Mitel, RIM and many others get award-winning software products and games to market faster. bitHeads' unique approach provides rapid deployment product development teams, a proven methodology for building new products faster and a partnership model based on a commitment to successful delivery. Millions of people around the globe play games and use software products that have been built by bitHeads. For more information, visit www.bitheads.com. For more information on the HeadGames division, please visit www.playheadgames.com.

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