IBA Group Named to Software Magazine's 30th Annual Software 500

PRAGUE, September 20, 2012 /PRNewswire/ --

- Software Magazine Ranks IBA Group as one of the World's Largest Software Companies

IBA Group - http://www.ibagroupit.com - today announces its inclusion in Software Magazine's Software 500 ranking of the world's largest software and service providers, now in its 30^th year.

IBA Group was ranked 288, with software revenue of $84.4 million, reflecting a 10.9% growth rate.

"The 2012 Software 500 results show that revenue growth in the software and services industry was again healthy, with total Software 500 revenue of $643.6 billion worldwide for 2011, representing approximately 19 percent growth from the previous year's list," says John P. Desmond, editor, Software Magazine.

"The Software 500 helps CIOs, senior IT managers, and IT staff research and create the short list of business partners," says Desmond. "It is a quick reference of vendor viability. And the online version, posted at http://www.softwaremag.com, is searchable by category, making it what we call the online catalog to enterprise software."

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 2011. This includes revenue from software licenses, maintenance and support, training, and software-related services and consulting. Suppliers are not ranked on total corporate revenue, since many have other lines of business, such as hardware. The financial information was gathered by a survey prepared by Rockport Custom Publishing, LLC. and posted at http://www.softwaremag.com, as well as from public documents.

About Software Magazine and Rockport Custom Publishing

Software Magazine has been a brand name in the high-tech industry for more than 36 years. Softwaremag.com, its Web counterpart, is the online guide to enterprise software and the home of the Software 500 ranking of the world's largest software and services companies. Software Magazine and Softwaremag.com are owned and operated by Rockport Custom Publishing.

About IBA Group

IBA Group is one of the largest IT service providers in Eastern Europe performing software development, migration, maintenance, support, and IT consulting services with more than 2,500+ IT and business professionals. Headquartered in Prague, Czech Republic, IBA Group has offices and development centers in the United States, Germany, Belarus, Bulgaria, Cyprus, Russia, Great Britain, Ukraine, and Kazakhstan. IBA Group focuses on mainframe systems, enterprise applications, web-based solutions, SAP and other ERP systems, Lotus technologies, and business intelligence. IBA has achieved SEI CMMI Level 4 and is DIN EN ISO 9001:2008-certified. IBA Group serves clients in 40 countries across diverse markets and industries, including banking, railway, telecommunication, and manufacturing. 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 and in the Global Services 100 in the category Emerging Mid-Tier Global Application Development and Maintenance (ADM) Leaders. In 2011 and 2012, IBA Group won IT Europa's European IT Excellence and European Software Excellence awards, respectively. For more information, visit http://www.ibagroupit.com

Contact: Irina Kiptikova, IBA Group Communications Manager, [email protected], Tel. +375-17-217-3952

SOURCE IBA Group