ValueLabs was ranked 388 for software revenue in FY 2011.
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 2011. This includes revenue from software licenses, maintenance and support, training, and software-related services and consulting. Suppliers are not ranked on total corporate revenue, since many have other lines of business, such as hardware. The financial information was gathered by a survey prepared by Rockport Custom Publishing, LLC. and posted at www.softwaremag.com, as well as from public documents.
"ValueLabs is happy to be one of the top Software 500 companies. With our projected growth in excess of the industry average, we are sure to move up the ranking ladder," said Ram Manjeri, SVP, Sales & Marketing, ValueLabs. "We owe this recognition to our unwavering focus on two key stakeholders – clients and employees. We take a long-term view to every client relationship, and invest time and effort that we know is required for the relationship to mature. We treat all our employees with warmth and dignity, and our unique culture engenders a strong sense of achievement and bonding within the teams, evolving into a fruitful association."
"The 2012 Software 500 results show that revenue growth in the software and services industry was again healthy, with total Software 500 revenue of $643.6 billion worldwide for 2011, representing approximately 17 percent growth from the previous year's list," says John P. Desmond, editor, Software Magazine.
"The Software 500 helps CIOs, senior IT managers, and IT staff research and create the short list of business partners," says Desmond. "It is a quick reference of vendor viability. And the online version, to be posted soon at www.softwaremag.com, is searchable by category, making it what we call the online catalog to enterprise software."
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