Released : Wednesday, November 12, 2008 6:52 AM
Business Editors/Software Writers
LONDON--(BUSINESS WIRE)--November 12, 2008--StepStone (OSE:STP), a leading global provider of human capital management software and services, today announced its inclusion on the Software Magazine’s Software 500 ranking of the world’s largest software and service providers. With 2007 revenues of $130m and a growth rate of over 110 per cent, the ranking places StepStone as the world’s fourth-fastest growing software provider with revenues under $1bn.
“StepStone’s impressive growth this year saw it leap fifty places up the 2008 Software 500, making it one of the fastest-growing providers in the medium-size $100m-$1bn revenues category,” said John P Desmond, editor of Software Magazine and Softwaremag.com. “Overall, the 2008 Software 500 results show that revenue growth in the software and services industry was healthy, with total Software 500 revenue of $451.8 billion worldwide for 2007 representing 14.7% growth from the previous year.”
“The Software 500 helps CIOs, senior IT managers and IT staff research create the short list of business partners,” Desmond continued. “It is a quick reference of vendor viability. And the online version to be posted soon at www.Softwaremag.com is searchable by category, making it what we call the online catalog to enterprise software.”
Colin Tenwick, CEO of StepStone, commented: “Our strong showing in the Software 500 is a great endorsement of our business model. With our total talent suite of solutions garnering plaudits from users and analysts alike, and 22 quarters of consecutive revenue growth, we look forward to continued development of our business
StepStone is a leading international provider of human capital management (“HCM”) software and services. Its technology and services helps organisations attract, retain and develop their talent. StepStone was founded in Norway in 1996 and listed on the Oslo Børs (Ticker@ STP.NO) in 2000.
StepStone operates some of Europe’s largest talent networks which match employers with potential employees and provides a complete suite of HCM software solutions. Through its extensive talent network in Europe, StepStone has privileged insight into the needs and demands of today’s workforce, allowing the company to develop highly innovative HCM solutions.
StepStone’s comprehensive portfolio of software and services enable organisations to implement efficient HCM processes. These services include; attraction and hiring, post-hire talent management, performance management, compensation management, skills and competency management, career and succession planning, training and development management.
As at Q3 2008 more than 16,000 organisations, including many of the world’s leading businesses, use StepStone software and services. It operates in 16 countries and employs more than 900 people. Its global customers include Deutsche Telekom, Aviva, PricewaterhouseCoopers, AstraZeneca, ThyssenKrupp, Fiat and Telefonica.
For more information see: www.stepstone.com.
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 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 26th year. Software Magazine and Softwaremag.com are owned and operated by King Content Co.FULL STORY