PRAGUE, December 6, 2016 /PRNewswire/ --
Software Magazine Ranks IBA Group as one of the World's Largest Software Companies in 2016
IBA Group http://www.ibagroupit.com announces its inclusion in Software Magazine's Software 500 ranking of the world's largest software and service providers, now in its 34th year.
IBA Group was ranked #281 (301 in 2015), with a total software and services revenue of US$110.85 million. IBA Group has been selected for Software 500 since 2008 when the company applied for inclusion for the first time.
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 from the 2015 fiscal year. Suppliers are not ranked on total corporate revenue, since many, like IBA Group have other lines of business, such as hardware.
According to Software Magazine, the total software and service revenue for the 2016 Software 500 reached $705.8 billion, down 5.7 percent from $748.7 billion reported in the 2015 Software 500.
Now in its 34th year, the Software 500 provides a detailed look at changes in the software industry from a revenue, employee, and research and development (R&D) perspective. The top growth areas include business process management, social analytics, and database/data management, all offering an average growth per company above 50 percent over the 2015 fiscal year.
See the 2016 Software 500 ranking at http://rcppubs.com/3D/SWM/2016/nov/index.html
About IBA Group
IBA Group is one of the largest IT service providers in Eastern Europe. Headquartered in Prague, Czech Republic, IBA Group has offices and development centers in the United States, Great Britain, Germany, Czech Republic, Belarus, South Africa, Cyprus, Russia, Ukraine, Kazakhstan, and Slovakia. IBA Group focuses on mainframe systems, enterprise applications, web solutions, SAP, business analytics, and mobile applications. IBA Group is recognized by the International Association of Outsourcing Professionals (IAOP) as one of The Global Outsourcing 100 in the Leaders Category, and ranks as one of the world's largest software companies in the Software Magazine's Software 500. The company is a winner of the Award for Corporate Social Responsibility in 2016 GSA Awards organized by Global Sourcing Association. In 2015, 2014, 2012, and 2011, IBA Group won IT Europa's European IT & Software Excellence awards. For more information, visit http://ibagroupit.com
SOURCE IBA Group