Coveo Named to Software Magazine's 25th Annual Software 500
Software Magazine Ranks Coveo as one of the World's Largest Software Companies
PALO ALTO, Calif. & QUEBEC CITY, Canada--(BUSINESS WIRE)--
Coveo Solutions Inc., a global provider of secure enterprise search solutions, today announced its inclusion on the Software Magazine's Software 500 ranking of the world's largest software and service providers, now in its 25th year. In the report, Coveo was ranked #8 out of the top 10 in the under $5 million category, with an annual growth rate of 78.5%.
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 2007. This includes revenues from software licenses, maintenance and support, training and software-related services and consulting.
"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," says John P. Desmond, editor of Software Magazine and Softwaremag.com. "Total employee head count is up 14.7% from the previous year's Software 500, reversing the decline of last year. Sectors seeing the highest rates of employee growth included Search/Portal tools, Security/Tools/Systems, Messaging/Communications and Wireless/Mobile," added Desmond. "In addition, about 73% of the Software 500 companies saw revenue growth in 2006."
"Coveo's search technology is built on in-depth data connectivity delivering a complete view of corporate content. The result is an agile, yet powerful enterprise search solution that enables businesses to quickly access the right information," said Laurent Simoneau, Coveo's president and CEO. "We are pleased by our ranking in the Software 500 and by all the other industry acclaim we have recently received. Our rapid growth rate and the praise we've received from the media, analysts and from our customer base is a testament to the strength, flexibility and ease-of-use of our search solutions."
Suppliers in the Software 500 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.
Noted by IDC as one of the Top 10 Companies to Watch in Canada, Coveo is driving a market that is considered a gate keeper to unleashing business success. With a business initiative focused on collaboration, Coveo's search technology also delivers proven organizational efficiencies for a knowledge management, risk management, IP protection, compliance and improved customer experience.
For more information, and to test drive Coveo Enterprise Search free for 30 days, please visit http://www.coveo.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 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 King Content Co. and the Software Marketing Perspectives Conference & Expo
King Content Co., owner of Software Magazine, is holding a one-day Software Marketing Perspectives Seminar & Expo at the Hyatt Regency Austin on Town Lake, on Oct. 23, 2007. To register, go to www.smpevent.com. The event offers a spin-free zone where VPs and directors of technology product management, primarily from the software industry, can share experiences and network with each other.
The fourth annual Software Marketing Perspectives Conference & Expo will be held at the Santa Clara Convention Center, Santa Clara, Calif., from May 7-9, 2008. Watch the event Web site for program information.
About Coveo Solutions Inc.
Coveo offers search solutions that empower enterprises to securely access critical information as needed. Whether it's to meet regulatory compliance, improve customer response, protect intellectual property or improve organizational efficiencies, Coveo's enterprise search technology enables organizations to find, understand and act on critical information located anywhere in the enterprise. Coveo's enterprise clients include HP, Procter & Gamble, CA, Rabobank, PwC, Deloitte, Nomura, National Grid, AMN Healthcare, Lockheed Martin, NATO, NASA, AC Nielsen, US Navy, Verizon, Yellow Pages Group (Canada) and ESPN.
Source: Coveo Solutions Inc.
Released October 10, 2007