Portland, Oregon Nov. 3, 2008 -- WhereScape today announced its inclusion on Software Magazine’s Software 500 ranking of the world’s largest software and services providers, now in its 26th year.
“We are pleased to be recognized by Software Magazine as one of the world’s largest software and service providers”, says Michael Whitehead, CEO and Founder of WhereScape Software. “Data warehouses are the building blocks of business intelligence and our customer understand how important it is to be able to build them fast and deliver value quickly. This is especially true in the current economic climate.”
“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 based in India.”
“Total employee head count was a modest 1.3% increase from the last year. Sectors seeing the highest rates of employee growth included Software as a Service, Search/Portal tools, Supply Chain/Manufacturing, Legacy System Renewal/Integration and Database,” Desmond says.
Some 42 percent of the 2007 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.
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 WhereScape Software
WhereScape Software is the developer of WhereScape RED, software that builds data warehouses fast. Privately held with headquarters in Portland, Oregon and Auckland, New Zealand, WhereScape was recognized as one of the top private companies of 2007 by Red Herring Magazine.
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.
VP, Sales and Operations
markb at wherescape.com
Software 500 Contact:
Software 500 Project Leader