NEW YORK, NY- Tideway Systems, the independent leader in
application dependency mapping for enterprises, today announced its
inclusion within Software Magazine's 25th Annual Software 500 ranking of
the world's largest software and service providers.
Tideway's recognition as one of the world's leading software companies
comes on the heels of a year filled with growth and innovation. Following
a series of high profile contract signings this year and in 2006, the
company recently opened offices in New York, Charlotte, Chicago, Boston,
Copenhagen and Frankfort and expanded staffing levels by 53% to exceed 100
employees worldwide. Scheduled for release October 30th, Tideway will also
be unveiling Tideway Foundation 7.0, the latest and most sophisticated
version of the company's flagship Application Dependency Mapping product.
"We are honored to be included in Software Magazine's top 500," says
Richard Muirhead, CEO of Tideway Systems. "Tideway's recognition among the
500 largest software companies in the world is an important milestone in a
year of significant growth for us. Being recognized on this prestigious
list is a reflection of the health of the company as well as the software
industry as a whole."
"The 2007 Software 500 results show that growth in the software and
services industry was healthy from 2006 to 2007, the ranking year," says
John P. Desmond, editor of Software Magazine and Softwaremag.com. "The
Software 500 helps CIOs, senior IT managers and IT staff research and
create the short list of business partners. It is a quick reference of
vendor viability. That is content of value."
Some 37 percent of the 2006 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 2007 Software 500 ranking is based on total worldwide software and
services revenue for 2006, including revenues from software licenses,
maintenance and support, training and software-related services and
consulting. Financial information is gathered through 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 nearly 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 25th year. Software Magazine and Softwaremag.com are
owned and operated by King Content Co.
About King Content Co. and the Software Marketing Perspectives Conference &
Expo
King Content Co., owner of Software Magazine, is holding a one-day Software
Marketing Perspectives Seminar & Expo at the Hyatt Regency Austin on Town
Lake, on Oct. 23, 2007. To register, go to www.smpevent.com. The event
offers a spin-free zone where VPs and directors of technology product
management, primarily from the software industry, can share experiences and
network with each other.
The fourth annual Software Marketing Perspectives Conference & Expo will be
held at the Santa Clara Convention Center, Santa Clara, Calif., from May
7-9, 2008. Watch the event Web site for program information.
About Tideway Systems
Tideway Systems™ is the independent leader in application dependency
mapping for enterprises. Tideway's flagship product, Foundation, provides
essential transparency of data center configuration and dependencies, makes
configuration management as simple as search and counts among its customers
British American Tobacco, British Telecom (BT), BSkyB, Co-operative Bank,
Dimension Data, Dresdner Kleinwort, GlaxoSmithKline (GSK), ING, JCB,
Linklaters, LogicaCMG, Mizuho Bank Ltd. and Wachovia.
Tideway Systems is a privately held company with offices in the UK, USA,
Denmark and Germany. See www.tideway.com for further information.
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