SofterWare Named to Software Magazine's 28th Annual Software 500
Software Magazine Ranks SofterWare as one of the world's largest software companies.
Horsham, PA (Vocus/PRWEB) December 11, 2010
SofterWare today announced its inclusion on Software Magazine's ranking of the world's 500 largest software and service providers. SofterWare was ranked 326, with software revenue of $19.6 million. As a leading provider of fundraising and donor management software, as well as administrative software for daycare centers, schools and camps, SofterWare was ranked 326th overall, which is 36 places higher than 2009.
"We are once again pleased to be recognized by Software Magazine," said Douglas Schoenberg, SofterWare's CEO. He added, "Our strong growth during this period of economic challenge continues to be a testament to the hard work of our dedicated employees, and our commitment to helping our customers achieve greater productivity and professionalism with products and services that provide an outstanding value."
"The 2010 Software 500 results show that revenue growth in the software and services industry was healthy, with total Software 500 revenue of $491.7 Billion worldwide for 2009, representing virtually flat growth from the previous year," says John P. Desmond, editor of Software Magazine and Softwaremag. com.
SofterWare's 26% growth rate outpaced the industry average and was in the top 50% in revenue growth for all software companies. Mr. Schoenberg noted, "We expect our business to continue to perform well with the release of new versions of our software, which are already receiving high praise from our clients and from independent organizations such as the Campbell Award for exceptional customer value and the NTEN/Idealware Fundraising Software Comparison. In addition, growth in our innovative tools for online and electronic credit card and e-check payments continue to be driven by the trend toward online donations and online payments and our clients' desire to offer secure PCI-compliant payment processing."
The Software 500 is a revenue-based ranking of the world's largest software and services suppliers. Some 47% percent of the 2010 Software 500 companies are privately held. The ranking is based on total worldwide software and services revenue for 2009. This includes revenues from software licenses, maintenance and support, training and software-related services and consulting.
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