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| Ketera Named to Software Magazine′s 23rd Annual Software 500 |
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Software Magazine Ranks Ketera as one of the World′s Largest Software Companies
Santa Clara, Calif., September 28, 2005 – Ketera, the leading provider of on demand spend management solutions, today announced its inclusion on the Software 500, Software Magazine′s list of the world′s foremost software and services providers, published as an online catalog on www.Softwaremag.com. Ketera was ranked #447, with software revenue of $5.9 million.
"We are honored to be recognized by Software Magazine as one of the world′s largest software and services providers in 2005," said Steve Savignano, chairman and chief executive officer, Ketera. "This ranking is a true testament to the growing success and customer adoption rate of Ketera′s on demand spend management offerings. It also represents our dedication to continue providing companies with solutions that enable total spend visibility and control, rapid time to value, reduced costs and enhanced overall business performance."
"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 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 list includes both private and public companies; 28% of the 2004 Software 500 companies are private. The Software 500 is searchable by primary business sector on www.Softwaremag.com, and free to all site registrants. "The online Software 500 is a valuable resource for CIOs, senior IT managers and IT staff for researching their vendor partner options. It is a quick reference of vendor viability," Desmond says.
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. and posted at www.Softwaremag.com, as well as from public documents.
About Software Magazine, The IT Software Journal, and Softwaremag.com
Software Magazine, The IT Software Journal, has been a brand name in the high tech industry for over 20 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 23rd year. Software Magazine and Softwaremag.com are owned and operated by King Content Co.
About Ketera
Ketera is the leading provider of on demand, spend management solutions, providing companies with the applications and services needed to control and reduce corporate spending at a low cost of ownership.
Ketera Spend Management includes applications for spend analysis, sourcing, procurement, contract management, supplier performance and payment and reconciliation. The Ketera difference is our on demand delivery model, which combines hosted spend management applications with the "heavy lifting" services required for success, including supplier enablement, hardware infrastructure, project resources, system administration and solution upgrades.
For more information about Ketera and the Ketera Spend Management suite of services, please visit www.ketera.com. |
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