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| Ketera Named to Software Magazine′s 25th Annual Software 500 |
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Software Magazine Ranks Ketera One of the World′s Largest Software Companies for Third Consecutive Year
Santa Clara, Calif., October 31, 2007 – Ketera, the leading provider of On Demand Spend Management solutions, today announced its inclusion on Software Magazine′s Software 500 ranking of the world′s largest software and service providers, now in its 25th year. Ketera climbed from #418 in 2006 to #403 in 2007, with a 65 percent revenue increase.
"The industry recognition we′ve received from Software Magazine for the past three years is held in high esteem by our entire organization," said Burton M. Goldfield, CEO, Ketera. "It′s a true testament both to Ketera′s unwavering dedication to providing our customers with comprehensive, intuitive and valuable on demand spend management solutions and the exponential growth and success we have experienced from it each year. To offer solutions that solve key business problems and be recognized for it once again is a huge honor."
"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," said John P. Desmond, editor of Software Magazine and Softwaremag.com. "The top four business sectors this year are System Integration Services/IT Consulting, Application Development, Financial Applications and Security Tools/Systems. It may be the case that the difficulty companies have in developing and keeping their own IT skilled workers is driving demand for services firms."
"The Software 500 helps CIOs, senior IT managers and IT staff research create the short list of business partners," Desmond said. "It is a quick reference of vendor viability. That is content of value."
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.
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 nearly 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, now in its 25th year. Software Magazine and Softwaremag.com are owned and operated by King Content Co.
About Ketera
Ketera is the fastest–growing provider of On Demand Spend Management solutions, providing companies with the applications and services needed to control and reduce corporate spending. Ketera′s closed–loop spend management solutions include applications for spend analysis, sourcing, contract management, procurement, supplier enablement & content management, supplier performance management, and invoice management.
Since its inception, Ketera has supported enterprise customers of all sizes, industries and geographies, including numerous Fortune 500 companies. In 2006, Ketera surpassed $5 trillion in spend analyzed and more than $1 billion in transactions between buyers and suppliers. Many of the world′s leading enterprise companies, including ServiceMaster, American Express, Kennametal, Con–way, and Northrop Grumman Corporation, depend on Ketera Spend Management to deliver real, hard–dollar savings quickly.
For more information about Ketera and the Ketera Spend Management suite of services, please visit: http://www.ketera.com.
For more information:
Amy Wall
Voce Communications, Inc.
650–228–5182
awall@vocecomm.com
Software 500 Contact:
Tracy Kunichika
Software 500 Project Leader
tracyk@softwaremag.com
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