For the third consecutive year, NetQoS® Inc. announced its inclusion on the Software Magazine's Software 500 ranking of the world's largest software and service providers, now in its 25th year. NetQoS ranked as the fastest growing company in the infrastructure/network/ performance management category for the second consecutive year, growing 43.9 percent in 2006.
"The NetQoS network performance management product suite continues to resonate with large organizations challenged with optimal delivery of end-user applications across the wide area network," said Joel Trammell, NetQoS CEO. "NetQoS has a solid foundation for sustained growth, and we continue to build on that foundation by rapidly adding staff, expanding internationally, developing innovative products, and fostering technology and reseller partnerships worldwide."
"The 2007 Software 500 results show that growth in the software and services industry was healthy from 2006 to 2007, the ranking year. The industry continues to be dynamic with more than 98 new companies on the list this year for the first time," says John P. Desmond, editor of Software Magazine and Softwaremag.com. "Total employee head count is up 14.7 percent from the previous year's Software 500, reversing the decline of last year."
"The Software 500 helps CIOs, senior IT managers and IT staff research create the short list of business partners," Desmond says. "It is a quick reference of vendor viability. That is content of value."
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 2006. 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 have other lines of business, such as hardware. The financial information was gathered by a survey prepared by King Content Co. and posted at www.Softwaremag.com, as well as from public documents.
NetQoS is also one of the top 100 software companies in the U.S. based on the recent Inc. 5,000 list of fastest growing private companies, which is ranked by percentage revenue growth from 2003-2006.
The 2007 Software 500 list is available by going to www.myswmag.com and subscribing to digital Software Magazine. The online Software 500 on Softwaremag.com, to be posted at a later date, is searchable by primary business sector.
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 nearly 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 25th year. Software Magazine and Softwaremag.com are owned and operated by King Content Co.
About NetQoS Inc.
NetQoS software and services help service providers, government agencies, and large enterprises - including half of the Fortune 100 - improve the delivery of applications over wide area networks by enabling them to monitor application service levels, troubleshoot problems quickly, and plan for change. Representative NetQoS customers include Chevron, Lockheed Martin, American Express, Hilton Hotels, Siemens, Boeing, Deutsche Telekom, NASA, and Barclays Global Investors. Headquartered in Austin, Texas, NetQoS has R&D centers in Austin and Raleigh, N.C., and regional sales offices in London and Singapore. For more information, visit www.netqos.com or call (877) 835-9575.
NetQoS is a trademark of NetQoS Inc. All other trade names, trademarks, and registered trademarks are the property of their respective owners.