OREANDA-NEWS. October 05, 2011. For the fourth consecutive year, IBA Group was ranked as one of the world's largest software companies in the Software Magazine's Software 500 rating, now in its 29th year, reported the press-centre of IBA.

IBA Group was ranked #278 with a 13.9% growth rate (#232 in 2010 and #254 in 2009).

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 2010. 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 ranking revealed that the software industry recovered from the growth slowdown of the past years. This year, the revenue growth accounted for 12%, compared with 1% in 2010 (8.7% in 2009 and 14.7% in 2008).

“The 2011 Software 500 results show that revenue growth in the software and services industry was healthy, with total Software 500 revenue of \\$541.5 billion worldwide for 2010, representing approximately 10 percent growth from the previous year’s list,” says John P. Desmond, editor of Software Magazine and Softwaremag.com.

The total employee number grew by 15.7% and more than 100 companies are on the list in 2011 for the first time, a reflection of the dynamic nature of the industry.