TUSTIN, CA. September 21, 2005 â Envision Financial Systems today announced its inclusion on the Software 500, Software Magazineâs list of the worldâs foremost software and services providers, published as an online catalog.
The Software 500 is a revenue-based ranking of the worldâs 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 list includes both private and public companies; 28% of the 2004 Software 500 companies are private.
"Inclusion on the Software 500 list is confirmation that our strategy of providing fund companies and service providers with a flexible and powerful shareholder recordkeeping system is on track. Weâve been experiencing tremendous growth as fund companies look for alternatives to costly and inflexible legacy systems. In addition weâre committed to continually improving our products through innovation and value added features," says Brian Jones, Vice President of Strategic Business Development.
"The overall health of the software and services industries has improved, with revenue for the 2005 software 500 at $383.3 billion worldwide for 2004, an increase of 16.5% over the previous year. The industry continues to be dynamic, with nearly 100 new companies on the 2005 Software 500 list," says John P. Desmond, editor of Software Magazine and Softwaremag.com. "Employee head count was up 13.7% and was strongest in the segments of collaboration/project management, system integration services and IT consulting, and the supply chain/manufacturing software segment."
"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 searchable by primary business sector, free to all site registrants. The ranking is based on total worldwide software and service revenue for 2004. 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., as well as from public documents.