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Software Magazine Ranks Parature as one of the World’s Largest Software Companies with 63% Growth

Parature is in! We’ve been included on Software Magazine’s Software 500 ranking of the world’s largest software and service providers, now in its 27th year.

“The 2009 Software 500 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% growth from the previous year,” says John P. Desmond, editor of Software Magazine and Softwaremag.com.

 “The Software 500 helps CIOs, senior IT managers and IT staff research and create the short list of business partners,” Desmond says. “It is a quick reference of vendor viability. And the online version to be posted soon at www.Softwaremag.com is searchable by category, making it what we call the online catalog to enterprise software.”

Some 44 percent of the 2009 Software 500 companies are privately held.

“Parature is very excited to be recognized as one of the world’s largest software companies in Software Magazine’s Software 500,” stated Parature CEO and President, Duke Chung. “To make the list is an exceptional accomplishment, especially considering the number of successful software companies globally. To be included in such a list acknowledges Parature’s global leadership in on-demand customer service software. As Parature continues to grow through innovation to serve our vast market, we will continue to set the standard for support teams worldwide by providing the smartest, most efficient way for organizations to support their customers.”

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 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. and posted at www.Softwaremag.com, as well as from public documents.

Go to www.Softwaremag.com and click on Subscribe to be among the first to see the 2009 Software 500. It is being released first in the digital publication.