Software Magazine Ranks WorkForce Software as One of the World's Largest Software Companies
LIVONIA, MI--(Marketwire - October 1, 2012) - WorkForce Software, the leading provider of workforce management solutions for organizations with complex labor policies and stringent compliance demands, today announced its inclusion in Software Magazine's Software 500 ranking of the world's largest software and service providers, now in its 30th year.
Propelled by strong adoption of its EmpCenter® workforce management suite, WorkForce Software achieved 33% revenue growth in 2012 and secured its spot among the largest software companies for a sixth consecutive year.
"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, now posted at 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 www.softwaremag.com, as well as from public documents.
"Our inclusion once again in the Software 500 highlights not only the strong growth our company has sustained over the years, but also the value of the workforce management solutions we deliver to our expanding client base," said Kevin Choksi, president and CEO of WorkForce Software. "We are honored to be recognized as one of the world's largest software companies on Software Magazine's distinguished list, and I am grateful to the entire WorkForce Software team for their hard work in making this happen."
"There is intense competition in today's HR software market, and particularly among workforce management providers, as organizations increasingly look to optimize their labor costs to drive bottom-line results," said China Gorman, industry analyst and CEO of the CMG Group. "Software providers that can anticipate -- and meet -- the dynamic needs of today's HR and payroll professionals are poised for continued growth and will earn recognition through accolades such as the Software 500. I have been watching WorkForce Software with great interest recently and anticipate more great things to come from this company."
For more information, visit www.workforcesoftware.com or contact us at (877) 493-6723.
About WorkForce Software
WorkForce Software is the leader in workforce management software for organizations with complex policies and compliance concerns. Its EmpCenter® suite enables strategic HR by automating and streamlining interactions between the employer and its workforce, enabling organizations to better manage payroll and processing costs, help ensure compliance with state and federal regulations, and increase the productivity and satisfaction of their employees. The EmpCenter suite is composed of numerous applications aimed at addressing an organization's end-to-end workforce management needs, including time & attendance, absence management, labor scheduling, fatigue management, and labor analytics. WorkForce Software's diverse customer base includes large employers such as the University of California, Blizzard Entertainment, the University of Alabama, Duke Energy and BBVA Compass. For more information, visit www.workforcesoftware.com.
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.
Rockport Custom Publishing is a leading integrated media company focusing on technology. For more information, visit: www.rockportpubs.com.