Hyland Software Named To Software Magazine's 27th Annual Software 500
Hyland Software recently announced it has once again made Software Magazine's 27th annual Software 500 ranking. And this year, Hyland did more than make the list of the world's largest software and service providers. It also outpaced the average Software 500 company growth rate by 235 percent, helping it to jump 15 places from the previous list.
Hyland was ranked 198, with software revenue of $119.7M in 2008.
"Obviously, organizations today need software that's proven to quickly solve business problems," said Bill Priemer, chief operating officer for Hyland Software. "But just as importantly, it needs to come from a vendor with a long, stable history and a clearly promising future. After all, companies simply can't afford to choose a product from a provider that might disappear tomorrow. Our almost 20 year history, record of continuous innovation and recognized customer support resonates with organizations. Add the fact that our 2008 growth rate of 29.5 percent was more than triple the average of the entire software market, and we can make a pretty compelling case that choosing to invest in Hyland is a safe, easy choice."
"The results show that revenue growth in the software and services industry was healthy, with total Software 500 revenue of $491.3 billion worldwide for 2008 representing 8.8 percent growth from the previous year," said John P. Desmond, editor of Software Magazine and Softwaremag.com.
"The Software 500 helps CIOs, senior IT managers and IT staff research and create a short list of potential business partners," said Desmond. "It is a quick reference of vendor viability. And the online version is searchable by category, making it what we call the catalog to enterprise software."
Revenue-based rankings, the Software 500 lists 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 44 percent of the 2009 Software 500 companies are privately held.
Go to www.Softwaremag.com and click on Subscribe to be among the first to see the 2009 Software 500. It's now available in the digital publication.
The ranking is based on total worldwide software and services revenue for 2008. 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, and is posted online.
About Hyland Software and OnBase
One of the largest independent software vendors in the world of enterprise content management (ECM), Hyland Software is the developer of OnBase. An award-winning suite of document management and content management solutions, OnBase has a proven record of solving problems resulting from time consuming, costly and error plagued manual tasks. And because business needs and circumstances change, Hyland offers customers a choice of deployment options – on-premises or as a software-as-a-service (SaaS) – and the ability to switch between them if necessary. Installing quickly and cost effectively, OnBase is designed to grow with organizations when they're ready. Today, people at more than 8,200 organizations both large and small in 47 countries have the time to do the things that really add value thanks to OnBase. For more information, visit www.OnBase.com.
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 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. Software Magazine and Softwaremag.com are owned and operated by King Content Co.
SOURCE: Hyland Software