Press Release
London, UK – September 22, 2009 - Group, leading global provider of business improvement solutions, today announced its inclusion on Software Magazine's Software 500 ranking of the world's largest software and service providers, now in its 27th year.
Globally, Group was ranked 127, with revenue of $302.988 million. Highlighted as a top performer in the report with 23 per cent year-on-year growth Group is ranked the 13th largest software company in Europe.
Heath Davies, CEO Group said: “We are delighted to be recognised by Software Magazine as one of the world's largest software companies. This is the first time has been included in Software 500 and our strong ranking is testament to our commitment in our growing portfolio of software and solutions.
Davies continues: “Today Sword's software revenue, including license, maintenance, support and associated services constitutes over 60 per cent of our annual income as a result of our strong organic growth and acquisition strategy to augment our offerings. By 2010 we expect our software revenue to represent 80 per cent of our total annual revenue.”
“The 2009 Software 500 results show that revenue growth in the software and services industry was healthy, with total Software 500 revenue of $491.3 billion worldwide for 2008 representing 8.8% growth from the previous year,” says John P. Desmond, editor of Software Magazine and Softwaremag.com.
Group's portfolio notably includes CTSpace, one of the world's leading suppliers of document control and business process automation solutions to companies with capital assets to design, engineer, construct and maintain in any location in the world.
In addition the Group's services portfolio has successfully evolved into a $150m business in conjunction with international partners including Microsoft and Google to become a leading player in the information management marketplace.
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 2008. 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.
About CTSpace‘s Fusion solutions
CTSpace is unique in offering both online ‘software as a service’ (SaaS) solutions (FusionLive) and on premises enterprise solutions (FusionEnterprise).
FusionEnterprise® is a specialist Content Application for your Capital Projects and Operations that works hand-in-hand with your current ECM platform. It has been specifically designed to manage engineering documentation in the context of a construction project or operating plant or facility. It supplements an organization’s chosen ECM system (such as IBM FileNet®, EMC Documentum®, Microsoft SharePoint®, Oracle UCM®, or CTSpace’s Cimage®) with modules that optimize the business processes of an enterprise from top-to-bottom, from project management to workflow management. FusionEnterprise also provides a complete integration with CTSpace's dynamic Cloud-based Document Management & Project Collaboration solution FusionLive.
FusionLive® is a new Cloud-based Document Management & Project Collaboration solution, specifically designed for the construction and engineering industries. As a next-generation Software as a Service (SaaS) solution, FusionLive brings together advanced document management features from BuildOnline with the robust business processes of Citadon CW, while upgrading its user interface to the most state-of-the-art technology available today. It is hosted at several secure Data Centers around the world. It offers low cost of ownership and the system can be implemented within 24 hours. It takes literally minutes for any new organization to start collaborating on a project.
When integrated, CTSpace’s global solution provides a best practices environment that supports a project’s entire lifecycle: from design, through construction, and into operations and maintenance.
About CTSpace
CTSpace provides document control, cost management and business process automation solutions to companies with capital assets to design, engineer, construct and maintain in any location in the world. More than 145,000 professionals on 13,000 projects in 56 countries benefit through improved collaboration, enhanced ability to manage schedules and risks, and improved regulatory compliance. CTSpace is unique in offering both online ‘software as a service’ (SaaS) solutions and on premises enterprise solutions, the latter of which leverage an organization's existing investment in leading ECM platforms. CTSpace is part of the Group of companies. For more information, please visit www.sword-ctspace.com
About Group
Group (NYSE Euronext: FR0004180578 SWP) delivers high value business applications to the world’s largest companies globally. With operations in 37 countries, today employs around 1,700 people and generates more than $270m in consolidated revenue. An international leader in the delivery of Business Process Improvement solutions, Sword’s skills, infrastructure and experience help our customers across regulated industries optimize performance, increase efficiencies and maximize return on investment. With flexible delivery options, including On Demand and On Premises, combined with our extensive industry expertise, provides comprehensive support to customers across insurance & healthcare, energy, banking & finance, telecoms, utilities, engineering & construction and the public sector. For more information, please visit www.sword-group.com.
Note to editors:
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Media contacts: Lydie Francart – Global Marketing Director, CTSpace
Tel: +33 (0)1 4467 2420 - lydie.francart(at)sword-ctspace.com