PALO ALTO, CA -- (Marketwired) -- 09/16/13 --
TIBCO Software Inc. (NASDAQ: TIBX) today announced its inclusion in the 2013 Software Magazine Software 500 ranking of the world's largest software and service providers, now in its 31st year.
TIBCO's inclusion in the list reflects the $1.025 billion total software and services revenue and 11 percent growth rate the company experienced last year.
"TIBCO is honored that the support of our customers and partners has placed us on this prestigious list for the fourth year in a row," says Matt Langdon, CFO at TIBCO. "TIBCO technology allows our customers to better understand, anticipate and act on opportunities that lie in big data -- whether it's offering personalized cross-sell offers to loyal customers in real time, preventing fraud before it happens, or more effectively streamlining global supply chains. We call this the Two-Second Advantage, and it is a powerful differentiator for our customers in a big data world."
"The 2013 Software 500 results show that employment in the software and services industry was very healthy, increasing 9.5 percent to total Software 500 company employment of 4,924,121," says John P. Desmond, editor, Software Magazine. "At the same time, overall revenue was up four percent from last year to $672.9 billion," he adds.
"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 posted at www.softwaremag.com is searchable by category, making it what we call the online catalog to enterprise software."
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.
Go to www.softwaremag.com to subscribe and be among the first to see the 2013 Software 500. It is released in the September issue, as both a print and digital publication, which is distributed on September 9, 2013.
The ranking is based on total worldwide software and services revenue for 2012. This includes revenue from software licenses, maintenance and support, training, software-related services, and consulting. Suppliers are not ranked on total corporate revenue, since many have other lines of business, such as hardware. Financial information is gathered by a survey prepared by Rockport Custom Publishing, LLC. using public documents and company input. It is published in print as well as posted online at www.softwaremag.com as both a digital edition and searchable database.
About Software Magazine and Rockport Custom Publishing
Software Magazine has been a brand name in the high-tech industry for more than 37 years. Softwaremag.com, its Web counterpart, is the online guide 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 Rockport Custom Publishing.
Rockport Custom Publishing is a leading integrated media company focusing on technology. For more information, visit: www.rockportpubs.com.
About TIBCO Software
TIBCO Software Inc. (NASDAQ: TIBX) is a provider of infrastructure software for companies to use on-premise or as part of cloud computing environments. Whether it's efficient claims or trade processing, cross-selling products based on real-time customer behavior, or averting a crisis before it happens, TIBCO provides companies the two-second advantageŽ -- the ability to capture the right information, at the right time, and act on it preemptively for a competitive advantage. More than 4,000 customers worldwide rely on TIBCO to manage information, decisions, processes, and applications in real time. Learn more at www.tibco.com.
TIBCO, two-second advantage, and TIBCO Software are trademarks or registered trademarks of TIBCO Software Inc. or its subsidiaries in the United States and/or other countries. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.
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Source: TIBCO Software Inc.