BELLEVUE, Wash., Oct. 12 /PRNewswire-FirstCall/ -- Captaris, Inc.
, a leading provider of software products that automate document-centric business processes, today announced that it was named one of the top 500 software companies in Software Magazine's 25th Annual Software 500 list. Captaris ranked at number 225 with software and services revenue up 8.9 percent to $70.
6 million. According to John Desmond, editor of Software magazine and softwaremag.com, "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." According to Desmond, the top four business sectors this year are System Integration Services/IT Consulting, Application Development, Financial Applications and Security Tools/Systems. "The difficulty that companies have in developing and keeping their own IT skilled workers, may be driving demand for services firms," said Desmond.
"We're very pleased to be recognized on this prestigious list by Software magazine again this year," said Paul Yantus, Captaris executive vice president of Marketing and Product Development. "This ranking is also recognition by our customers and partners that Captaris products are successfully automating critical business processes -- from document capture and delivery to workflow, document archiving and retrieval. These products will continue to provide a solid foundation for the company's continued growth in the U.
S. and globally." Desmond also noted that total employee head count is up 14.
7% from the previous year's Software 500, reversing the decline noted last year. "In addition, about 73% of the companies on the Software 500 list noted revenue growth in 2006," he added. 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 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 http://www.Softwaremag.
com, as well as from public documents.
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