The continued success of Replicon's Web TimeSheet underscores the growing need for innovative software that streamlines business operations and supports the bottom line for organizations of all sizes.
San Mateo, CA (PRWEB) October 12, 2011
Replicon Inc. is pleased to announce it has been recognized again on the Software 500 – an annual ranking of the world's largest software and service providers by Software Magazine.
This is the 7th consecutive year that Replicon has achieved this distinction, reflecting the continued success of its market-leading suite of timesheet and expense management software. More than 1.5 million users in 70 countries currently use Replicon's Web TimeSheet – a web-based solution that enables organizations to track time and expenses for managing projects and employee expenses, billing clients, and automating time and attendance policies.
Two editions of Web TimeSheet, Time & Attendance and Project & Billing, work separately or together as a seamlessly integrated solution. The software-as-a-service products can also be integrated with Replicon's other business solutions: Web Expense, Web Schedule and Web Resource.
“The continued success of Replicon's Web TimeSheet underscores the growing need for innovative software that streamlines business operations and supports the bottom line for organizations of all sizes," says Raj Narayanaswamy, co-CEO of Replicon. "It is an honor to be ranked once again on the Software 500. That would not be possible without the visionary approach of our team and the support of our customers worldwide.”
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.
Replicon ranked 404 , with worldwide software revenue of $16.4 million.
“The 2011 Software 500 results show that revenue growth in the software and services industry was healthy, with total Software 500 revenue of $541.5 billion worldwide for 2010, representing approximately 10 percent growth from the previous year’s list,” says John P. Desmond, editor of Software Magazine and Softwaremag.com.
The ranking is based on total worldwide software and services revenue for 2010. This includes revenue 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 softwaremag.com, as well as from public documents.