Minneapols, MN (PRWEB) September 11, 2013
Coherent Solutions announced its inclusion in Software Magazine’s Software 500 ranking of the world’s largest software and service providers, now in its 31st year. Coherent Solutions was ranked #436 overall in the list and was #5 among companies with $10-30M in revenue.
“We are proud to be included in this list with such companies as IBM, Accenture, CSC, and Microsoft. Our focus on client satisfaction combined with global expertise, innovation and creativity made this possible and will continue to enable our success in the years ahead,” stated Igor Epshteyn, CEO of Coherent Solutions.
“The 2013 Software 500 results show that employment in the software and services industry was very healthy, increasing 9.5 percent to total Software 500 company employment of 4,924,121,” says John P. Desmond, editor, Software Magazine. “At the same time, overall revenue was up four percent from last year to $672.9 billion,” he adds.
“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 http://www.softwaremag.com, is searchable by category, making it what we call the online catalog to enterprise software.”
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. The ranking is based on total worldwide software and services revenue for 2012. This includes revenue from software licenses, maintenance and support, training, and software-related services, and consulting. Suppliers are not ranked on total corporate revenue, since many have other lines of business, such as hardware. Financial information is gathered by a survey prepared by Rockport Custom Publishing, LLC using public documents and company input. It is published in print as well as posted online at http://www.softwaremag.com as both a digital edition and searchable database.
About Software Magazine and Rockport Custom Publishing
Software Magazine has been a brand name in the high-tech industry for more than 37 years. Softwaremag.com, its Web counterpart, is the online guide to enterprise software and the home of the Software 500 ranking of the world’s largest software and services companies. Software Magazine and Softwaremag.com are owned and operated by Rockport Custom Publishing.
About Coherent Solutions
Since 1995, Coherent Solutions has helped clients reduce development and maintenance costs and bring products and complex applications to market faster. With experienced teams in the U.S. and Eastern Europe, the company’s model yields superior results as it combines expertise in commercial grade software development, a proven global delivery model, and a passionate commitment to client success. For more information on Coherent Solutions’ technology solutions and outsourcing capabilities, please visit our website at: http://www.coherentsolutions.com or visit http://www.coherentsolutions.com/services/our-services/ to see a complete list of Coherent's service offerings.