Recent Press Release
10-10-2007
CLEAR TECHNOLOGY RANKED AS ONE OF THE WORLD'S LARGEST SOFTWARE AND SERVICE PROVIDERS BY
SOFTWARE MAGAZINE
Clear Technology, Inc. named to Software Magazines' 25th Annual Software 500
DENVER, Colo.— October 10, 2007— Clear Technology, Inc., a global software provider to the insurance and financial services industries, today announced its inclusion on the Software Magazine’s 25th Annual Software 500 ranking of the world’s largest software and service providers.
Brian Cohen, Clear’s President and CEO, said, “This is a rewarding day for the Clear Technology team and I thank Software Magazine for the recognition of our accomplishments. Being named to the Software 500 is further validation of the insurance and financial services industries readiness to embrace software solutions like ours – software which leverages, rather than replaces, existing technologies by focusing first on the people and the processes that are the heart of every business operation.”
Cohen continued, “We look forward to improving our position on next year’s Software 500 as our team continues its unwavering commitment to expand our market footprint and portfolio of software offerings.”
“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. “The top four business sectors this year are System Integration Services/IT Consulting, Application Development, Financial Applications, and Security Tools/Systems. It may be the difficulty companies have in developing and keeping their own IT skilled workers, is driving demand for services firms.”
“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,” Desmond says. “In addition, about 73% of the Software 500 companies saw revenue growth in 2007.”
“The Software 500 helps CIOs, senior IT managers, and IT staff research and create the short list of business partners,” Desmond says. “It is a quick reference of vendor viability and valuable when making technology decisions”.
Some 37 percent of the 2007 Software 500 companies are privately held.
About the Software 500
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.
Go to www.myswmag.com to subscribe to digital Software Magazine and be among the first to see the 2007 Software 500. It is being released first in the digital publication. The online Software 500 on Softwaremag.com, to be posted at a later date, is searchable by primary business sector.
The ranking is based on total worldwide software and services revenue for 2006. 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 Digital Software Magazine, the Software Decision Journal, and Softwaremag.com
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 & Expo
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, California from May 7-9, 2008. Watch the event Web site for program information.
About Clear Technology, Inc.
Clear Technology, a global software provider to the insurance and financial services industries, offers software solutions that streamline employee tasks by automating repetitive manual activities and guiding employee decision-making. The company’s people-driven approach to software development transcends traditional solutions, enforcing consistency from employee to employee and office to office, leading to dramatic reductions in operating costs and significant improvements in productivity.
Clear Technology is based in Denver, Colorado, with its European headquarters in London. For more information about Clear and its suite of innovative software solutions, visit http://www.clear-technology.com.
For more information, contact:
Software 500 Contact:
Tracy Kunichika
Software 500 Project Leader
Tracyk@softwaremag.com
Clear Technology, Inc. Contact:
AJ Workman
Clear Technology, Inc.
(303) 583-4100
aj.workman@clear-technology.com
