IBA Group Named to 2017 Software 500
IBA Group announces its inclusion in Software Magazine’s Software 500 ranking of the world’s largest software and service providers, now in its 35th year.
IBA Group was ranked #304, with a total software and services revenue of US$100.6 million. IBA Group has been selected for Software 500 since 2008 when the company applied for inclusion for the first time.
The Software 500 provides a detailed look at changes in the software industry from a revenue, employee, and research and development (R&D) perspective.
The ranking is based on total worldwide software and services revenue from the 2016 fiscal year. Suppliers are not ranked on total corporate revenue, since many, like IBA Group have other lines of business, such as hardware.
According to Software Magazine, the total software and service revenue for the 2017 Software 500 reached $834 billion, a 3.59 percent increase from $804 billion reported in the 2016 Software 500. As for the number of employees, companies reported a 10.32 percent decline, compared to the 2016 published Software 500.
The primary business sectors were Middleware/App and Server/Web service, followed by Enterprise IT management and Operating Systems. The top trending topics included analytics, cloud-based applications, artificial intelligence (AI) with machine learning technologies, and the Internet of Things (IoT).