Software Magazine Ranks Coveo as one of the World's Largest Software
PALO ALTO, CALIF. & QUEBEC CITY, CANADA, October 10 /CNW/ - Coveo
Solutions Inc., a global provider of secure enterprise search solutions, today
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. In the
report, Coveo was ranked #8 out of the top 10 in the under $5 million
category, with an annual growth rate of 78.5%.
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 2007. This includes revenues from software
licenses, maintenance and support, training and software-related services and
"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% from the
previous year's Software 500, reversing the decline of last year. Sectors
seeing the highest rates of employee growth included Search/Portal tools,
Security/Tools/Systems, Messaging/Communications and Wireless/Mobile," added
Desmond. "In addition, about 73% of the Software 500 companies saw revenue
growth in 2006."
"Coveo's search technology is built on in-depth data connectivity
delivering a complete view of corporate content. The result is an agile, yet
powerful enterprise search solution that enables businesses to quickly access
the right information," said Laurent Simoneau, Coveo's president and CEO. "We
are pleased by our ranking in the Software 500 and by all the other industry
acclaim we have recently received. Our rapid growth rate and the praise we've
received from the media, analysts and from our customer base is a testament to
the strength, flexibility and ease-of-use of our search solutions."
Suppliers in the Software 500 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 http://www.Softwaremag.com, as well as from public documents.
Noted by IDC as one of the Top 10 Companies to Watch in Canada, Coveo is
driving a market that is considered a gate keeper to unleashing business
success. With a business initiative focused on collaboration, Coveo's search
technology also delivers proven organizational efficiencies for a knowledge
management, risk management, IP protection, compliance and improved customer
For more information, and to test drive Coveo Enterprise Search free for
30 days, please visit http://www.coveo.com.
About Digital Software Magazine, the Software Decision Journal, and
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 King Content Co. and the Software Marketing Perspectives Conference
King Content Co., owner of Software Magazine, is holding a one-day
Software Marketing Perspectives Seminar & Expo at the Hyatt Regency Austin on
Town Lake, on Oct. 23, 2007. To register, go to www.smpevent.com. The event
offers a spin-free zone where VPs and directors of technology product
management, primarily from the software industry, can share experiences and
network with each other.
The fourth annual Software Marketing Perspectives Conference & Expo will
be held at the Santa Clara Convention Center, Santa Clara, Calif., from May
7-9, 2008. Watch the event Web site for program information.
About Coveo Solutions Inc.
Coveo offers search solutions that empower enterprises to securely access
critical information as needed. Whether it's to meet regulatory compliance,
improve customer response, protect intellectual property or improve
organizational efficiencies, Coveo's enterprise search technology enables
organizations to find, understand and act on critical information located
anywhere in the enterprise. Coveo's enterprise clients include HP, Procter &
Gamble, CA, Rabobank, PwC, Deloitte, Nomura, National Grid, AMN Healthcare,
Lockheed Martin, NATO, NASA, AC Nielsen, US Navy, Verizon, Yellow Pages Group
(Canada) and ESPN.
For further information:
For further information: Coveo Solutions, Inc. Peter J. Gorman, +1
781-371-0511 firstname.lastname@example.org or Software 500 Project Leader Tracy Kunchika