Software Magazine ranks Intetics, a software development company, among 500 largest software companies in the world
Online PR News – 18-November-2015 – Chicago, IL – Software Magazine announced the results of its 33rd annual research of world’s largest software companies based on revenue. In 2014, the total software and services industry totaled $748.7 billion. Intetics was ranked number 444 on the list, showing 4% growth from the previous year.
The software industry saw a 4.3% increase in revenue in the past year, from $717.7 billion in 2013 to $748.7 billion in 2014. The Software 500 is a ranking of the world’s largest software and services companies, based on each company’s fiscal year reports from March to February. The rankings are based on the industry changes in revenue, employees, and research and development.
Due to their impressive growth, the top areas that dominate the industry are: eBusiness applications (700% growth), security tools/systems (600% growth), and healthcare (500%). This is despite the fact that the average R&D investment is actually down from last year’s, decreasing by 1% from to 12.4%.
Overall, the industry showed healthy growth and revenue, which is also evident in the employee growth of 14% from last year. The number of people employed in the industry grew from 4.8 million to over 5.5 million people.
Intetics ranked in the list for its 6th consecutive year. It was listed as #444, with a revenue of $14.4 million, showing a growth of 4.45%, with 3.7% of revenue spent on R&D. The company employed over 450 people in 2014. Other companies on the list included big brands such as IBM, Microsoft, Oracle, and Apple. Intetics is very pleased to be on the list once again, and is looking forward to future growth in the coming years.
Intetics creates and operates effective distributed technology teams focused on software product development, IT support, quality assurance and data processing. Intetics enables IT rich, innovative organizations to capitalize on available global talent, based on a proprietary business model of Remote In-Sourcing®, advanced Quality Management Platform and measurable SLAs, and Intetics’ in-depth engineering expertise. Our core know-how lays in design of software products in conditions of incomplete specifications.
Intetics is ISO 9001 (quality) and ISO 27001 (security) certified and Microsoft Gold Partner. The company’s innovation and growth achievements are reflected in winning prestigious Deloitte Technology Fast 50, Inc 5000, CRN 100, Software 500, EOA European BPO Contract of the Year, and European IT Excellence awards. Intetics was also recognized among the Top 100 Global Service Providers and Top 100 Global Outsourcing Companies lists.
About Software 500
The Software 500 ranking and corresponding Growth Charts enable Software Magazine to take a comprehensive look at the overall software industry to identify trends through revenue growth, investments in R&D, and employee growth. In addition to the printed ranking, the Software 500 and its archives are available online, providing further insight with the ability to compare company statics such as revenue, growth, R&D investment, and employee numbers. This tool is free and simply requires site member registration.