IBA Group Named to Software 500

IBA Group is ranked as one of the world's largest software companies in the Software Magazine's Software 500 rating

IBA Group announced its inclusion on the Software Magazine's Software 500 ranking, now in its 26th year. IBA Group applied for the first time and was ranked 260.

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. Suppliers are not ranked on their total corporate revenue, since many, like IBA Group, have other lines of business.

“The 2008 Software 500 results show that revenue growth in the software and services industry was healthy, with total Software 500 revenue of $451.8 billion worldwide for 2007 representing 14.7% growth from the previous year,” says John P Desmond, editor of Software Magazine and Softwaremag.com “We have added over 100 new companies to the list this year.”

“The Software 500 helps CIOs, senior IT managers and IT staff research create the short list of business partners. It is a quick reference of vendor viability,” Desmond adds.

Sergei Levteev, IBA Group President, comments: “We are proud to be among the world's largest software and services suppliers. IBA Group has been showing sustainable growth since its creation 15 years ago and is poised to continue strong organic growth delivering more and more value to its clients”.

About IBA Group

IBA Group is one of the largest IT service providers in Eastern Europe performing software development, migration, maintenance, support, and IT consulting services with more than 2,000 IT and business professionals. Headquartered in Prague, Czech Republic, IBA Group has offices and development centers in the United States, Germany, Belarus, Cyprus, and Russia. IBA Group specializes in mainframe systems, enterprise applications, web–based solutions, SAP and other ERP systems, and Lotus technologies. IBA has achieved SEI CMMI Level 4 and is ISO 9001:2000–certified. IBA Group serves clients in more than 30 countries across diverse markets and industries, including banking, railway, telecommunication, manufacturing, healthcare, trade, and public sectors. IBA Group is recognized by the International Association of Outsourcing Professionals (IAOP) as one of The Global Outsourcing 100 in the Leaders Category and ranks #1 in the neoIT and CMP's Global Services 100 — 2007 in the category TOP 10 TO WATCH IN EMERGING EUROPEAN MARKETS. For more information, visit http://www.iba–it–group.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 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 26th year. Software Magazine and Softwaremag.com are owned and operated by King Content Co.

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