Intetics Co. announces its inclusion in Software Magazine’s Software 500 ranking of the world’s largest software and service providers. The annual list, currently in its 31st edition, evaluates companies based on their revenue growth. Intetics was ranked #440 on the list, alongside companies such Microsoft, Oracle, HP, and Adobe Systems.
The Software 500 ranking is based on an annual evaluation of the world’s largest companies and their revenue. Intetics was ranked #440, with annual growth of 34.04%. The growth rate is up by almost 10% from last year, which was 26.1% in 2012. Intetics was among the 97 companies, or 19.4% of private companies listed in the Software 500. Founder and President of Intetics, Boris Kontsevoi, said, “We are honored to be listed as one of the largest software outsourcing companies. We are proud of our achievements, but as always, we are looking ahead to see how we can improve our services and customer satisfaction in the future.”
According to John P. Desmond, Editor of Software Magazine, the industry experienced an overall growth of 4.5%, reaching estimated total revenue of $672.9 billion. For the 2012 fiscal year, the employment growth was calculated at 9.5%. Companies were also seen visibly investing in the future, with 12.7% revenue going to Research and Development. Intetics is excited to be part of this growing industry, and is looking forward to taking on the new challenges of the upcoming year – and turn them into growth.
About Software Magazine
Software Magazine has been a brand name in the high-tech industry for more than 37 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. For more information about the 2013 Software 500, visit: http://www.softwaremag.com/content/ContentCT.asp?P=3539.