SumTotal Systems, the industry’s largest provider of learning and business performance technologies, services and processes, today announced its inclusion in the Software 500, Software Magazine’s list of the world’s foremost software and services providers, published as an online catalog on www.Softwaremag.com.
SumTotal Systems was ranked 232nd, with software and services revenue of $59.7 million.
“The software industry remains extremely dynamic, with 140 new companies appearing on the 2004 Software 500 list. Overall results were mixed but total revenue for the 500 was up 14% and total employment up 8%, says John P. Desmond, Editor of Software Magazine and Softwaremag.com. “Sectors strong this year include security, business process management and system integration services including outsourcing services. Site visitors will notice changes to the Software 500 online this year that make it easier to navigate. Our aim is to help CIOs, senior IT managers and IT staff research their partner options and that is a valuable service.”
The Software 500 is a revenue-based ranking of the world’s largest software and services suppliers targeting enterprise IT organizations. The list includes both private and public companies; 30% of the 2004 Software 500 companies are private. The Software 500 is a worldwide list in that any company may submit financial and product information via the annual Software 500 survey, conducted 100% on the Web.
The ranking is based on total worldwide software and service revenue for 2003. 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.
“We are delighted to be named among the world’s best-performing software companies and to be recognized for our leadership position within our marketplace,” said R. Andrew Eckert. “Our market leadership comes from a history of innovating groundbreaking technologies and services that have transformed the ability of more than 640 organizations to meet their business goals and to succeed in their industries. We continue to realize significant growth as more and more organizations realize the mission-critical impact of learning and business performance solutions on bottom-line business results.”
