Allegient among top 500 S/W companies again

WILTON, USA: Allegient Systems has announced that it has been nominated for Software Magazine's 25th Annual Software 500. This is the second consecutive year that Allegient Systems has earned a spot on this list of the world's largest software and service providers.

John F Kelly, CEO of Allegient said, "It is always an honor to be recognized among such an impressive group of software companies named to the Software 500. And, this being our second year on the list makes us especially proud. This award is due in large part to the dedication of our staff and their commitment to deliver only the highest quality product and services to our client family."

"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. "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 difficulty companies are having in developing and keeping their own IT skilled workers, is driving the demand for services firms.

"Total employee head count is up 14.7 per cent 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," Desmond said. "In addition, about 73 per cent of the Software 500 companies saw revenue growth in 2007."

"The Software 500 helps CIOs, senior IT managers and IT staff research create the short list of business partners," Desmond says. "It is a quick reference of vendor viability. That is content of value."

Some 37 percent of the 2007 Software 500 companies are privately held.