Pitney Bowes Business Insight Ranked has been ranked as the 134th Largest Software and Service Provider in Software Magazines 29th Annual Software 500 global ranking of the world’s largest software and service providers.

The 2011 Software 500 results show that revenue growth in the software and services industry was healthy, with total Software 500 revenue of R42.7 trillion ($541.5 billion) worldwide for 2010, representing approximately 10 percent growth from the previous year’s list, said John P. Desmond, editor of Software Magazine and Softwaremag.com.

We are honored to be recognized once again by Software Magazine’s 2011 Software 500 ranking, said John O’Hara, president, Pitney Bowes Business Insight. Our success in the software business is predicated upon a dedication to creating solutions and services that help our customers establish and maintain lifetime relationships with their customers.

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.

Some 27 percent of the 2011 Software 500 companies are privately held. More than 100 companies are on the list in 2011 for the first time, a reflection of the dynamic nature of the industry.

The ranking is based on total worldwide software and services revenue for 2010. This includes revenue 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.

Article source: www.pb.com