San Mateo, CA, November 17, 2010 — Replicon Inc. is pleased to announce it has been recognized again on the Software 500 – an annual ranking of the world's largest software and service providers by Software Magazine.
This is the 6th consecutive year that Replicon has been placed on the list, representing the continued success of its market-leading suite of timesheet and expense management software. Over 1.5 million users in 70 countries currently use Replicon's Web TimeSheet – a web-based solution that enables organizations to track time and expenses for managing projects, billing clients, and automating time and attendance policies.
Two editions of Web TimeSheet, Time & Attendance and Project & Billing, work separately or together as a seamlessly integrated solution. The software-as-a-service products can also be integrated with Replicon's other business solutions, Web Expense, Web Schedule and Web Resource.
“The continued success of Replicon's Web TimeSheet reflects the increasing demand for innovative enterprise software that streamlines business operations and supports the bottom line," says Raj Narayanaswamy, co-CEO of Replicon. "It is an honor to be ranked once again on the Software 500 – an achievement that would not be possible without the visionary approach of our team and the support of our customers worldwide.”
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.
Replicon ranked 344 – up 30 spots from last year's ranking – with worldwide software revenue of $16.5 million .
“The 2010 Software 500 results show that the software and services industry was healthy, with total Software 500 revenue of $491.7 billion worldwide for 2009,” says John P. Desmond, editor of Software Magazine and Softwaremag.com .
The Software 500 ranking is based on total worldwide software and services revenue for 2009. This includes revenues from software licenses, maintenance and support, training and software-related services and consulting.
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. Software Magazine and Softwaremag.com are owned and operated by King Content Co. For more information on the Software 500, contact: Tracy Kunichika, Software 500 Project Leader, at Tracyk@softwaremag.com.