IBA Group Named to Software Magazine’s 2016 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 34th year.
IBA Group was ranked #281 (301 in 2015), with a total software and services revenue of US$110.85 million. IBA Group has been selected for Software 500 since 2008 when the company applied for inclusion for the first time.
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 from the 2015 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 2016 Software 500 reached US$705.8 billion, down 5.7 percent from US$748.7 billion reported in the 2015 Software 500.
Now in its 34th year, 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 top growth areas include business process management, social analytics, and database/data management, all offering an average growth per company above 50 percent over the 2015 fiscal year.