2007 Software 500 Rankings Place TechExcel as One of World's Top 500 Software Companies
LAFAYETTE, CA-- TechExcel, Inc., the leading provider in unified Application Lifecycle Management (ALM) and IT Service Management (ITSM) software, today announced it has been selected for inclusion on Software Magazine's Software 500 ranking of the world's largest software and service providers, now in its 25th year.
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. Some 37 percent of the 2006 Software 500
companies are privately held. The Software 500 recognizes leaders and
innovators in the software industry and is published annually. The complete
list is available here: www.softwaremag.com
"Being recognized as one of the largest software companies in the world is
an honor for TechExcel," said Dr. Tieren Zhou, Ph.D., CEO and Chief
Software Architect of TechExcel. "The Software 500 ranking validates the
solid growth and expansion into new global markets, including the United
Kingdom, that we have achieved over the past year. As businesses continue
to adopt ALM technologies for greater operational efficiency we remain
focused on working with our customers and partners to build technology that
delivers innovation tied to sustainable business results."
"The 2007 Software 500 results demonstrate that growth in the software and
services industry was healthy from 2006 to 2007," said John P. Desmond,
editor of Software Magazine and Softwaremag.com. "The top four business
sectors this year are System Integration Services/IT Consulting,
Application Development, Financial Applications and Security
Tools/Systems."
The ranking is based on total worldwide software and services revenue for
2006. 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.
"The 2007 Software 500 results show that growth in the software and
services industry was healthy from 2006 to 2007, the ranking year. The
industry continues to be dynamic with more than 98 new companies on the
list this year for the first time," says John P. Desmond, editor of
Software Magazine and Softwaremag.com. "The top four business sectors this
year are System Integration Services/IT Consulting, Application
Development, Financial Applications and Security Tools/Systems. It may be
the case that the difficulty companies have in developing and keeping their
own IT skilled workers is driving demand for services firms."
TechExcel's application lifecycle management and service and support
software solutions are globally deployed by a large number of Fortune 2000
companies. For additional information on TechExcel and how the company's
software solutions are making the business of software development more
efficient, see http://www.techexcel.com.
About TechExcel
TechExcel, Inc. is the leader in unified Application Lifecycle Management
and Support and Service solutions that bridge the divide between product
development and service/support. This enables enterprises to focus on
strategic goals of product design, project planning, development and
testing, as well as enabling transparent visibility with all
customer-facing initiatives. Founded in 1995 and headquartered in
Lafayette, California, TechExcel maintains over 1,500 customers in more
than 42 countries worldwide. For more information, visit
http://www.techexcel.com or call 925-871-3900 in the United States or +44
020 8322 7700 in the United Kingdom.
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.
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