Replicon, the world leader in web-based
timesheet and expense management software, announced today its inclusion on the Software 500.
Calgary, Alberta, Canada - (October 29, 2004) - Replicon Inc. today announced its inclusion on the Software 500, Software Magazine's list of the world's foremost software and services providers, published as an online catalogue on www.Softwaremag.com. Software Magazine and its annual Software 500 are the field guide for IT managers tackling critical business priorities.
"Being honored within the same category as Microsoft, IBM, and Oracle is a huge accomplishment for our team and we are very proud to be recognized on this list," says Raj Narayanaswamy, Chief Executive Officer of Replicon. "Even though the technology industry has been very vibrant, customers have become more cautious and expect stronger rates of return when purchasing software applications today, which holds well for Replicon because we provide solutions that positively impact the bottom line."
"The software industry remains extremely dynamic, with 140 new companies appearing on the 2004 Software 500 list. Overall results were mixed but total revenue for the 500 was up 14% and total employment up 8%, says John P. Desmond, Editor of Software Magazine and Softwaremag.com. "Sectors strong this year include security, business process management and system integration services including outsourcing services."
The Software 500 is a revenue-based ranking of the world's largest software and services suppliers targeting enterprise IT organizations. The list includes both private and public companies; 30% of the 2004 Software 500 companies are private.
Replicon's products are available for purchase and easy download at Replicon's web site at www.replicon.com.
